At the end of February, I posted that at that point in 2012, there had still not been a decline of 1% or more in a single day. Fast forward to May 8 and today's decline--we have now had 7 days of 1% decline or greater. Below is a chart comparing the pace that we had 1% decline days in 2011 vs. 2012. In the last month and a half, 2012 has really picked up the pace of high volatility days.
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