The DOW had 2 x 1000+ spread days 2 weeks ago & with a 900+ & an 800+ day either side.
What more do they expect particularly as the index grinds lower a 1000 point day gets harder to accomplish ie it becomes a larger % drop.
If we look at daily spreads as a % of the opening value of the index it can be seen that volatility peaked a couple of weeks ago with 6 straight days of 9+% (peaked at 14.4% on 10/10/08)
