The Volatility Watch Continues

August 16, 2010  |  

(Smart Money) — GOOD MORNING. Asian markets closed mixed and European shares are falling. U.S. stock futures are pointing to a lower open. After four straight days of stock market declines, should investors brace for another rough week this week? The market is likely to remain range-bound and volatile for the foreseeable future, torn between bears’ worries about the economy and bulls’ optimism over strong corporate balance sheets, Michael Purves, the chief global strategist and head of derivatives research at BGC Financial, wrote in a report last week. Purves dubbed this phenomenon a “wolf market” in which investors have to move quickly to find profits.

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