Is Today's Volatility an Echo of 1987?

Is Today's Volatility an Echo of 1987?

Volatility -- the rate at which prices move up or down -- has leaped in many security markets recently. The Federal Reserve Bank of St. Louis's Financial Stress Index, whose 18 components include yields on junk and corporate bonds, an index of bond market volatility, and the Standard & Poor's 500 index, is almost at a four-year high.

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