Markets Ain't Got a Thing, If They Ain't Got That Swing
When it comes to stock markets, they ain't got a thing if they ain't got that (volatility) swing. Traders are near giddy at the arrival of a little up/down movement in major markets, as this Bloomberg piece shows:"Non-volatile, docile markets are really hard,'' said Robert Doll, chief investment officer of global equities at BlackRock Inc., which manages $1.1 trillion in New York. "You like to buy things down and sell things up. If you don't get a volatile market, you don't get that swing.''Ah, happy days are here again. 1
..."We found it tougher to find new ideas over the past year,'' said Patrick Becker Jr., who oversees $2.5 billion at Becker Capital Management in Portland, Oregon. "I'd walk in to the office and say, 'What's going on?' And they would say, 'Nothing's really moving.'''
