March 2012 Archive

Sources of Volatility in Equity Markets

Since the world financial crisis began in mid-2008, high-quality investments have greatly outperformed lower-quality ones. It hasn’t been a straight line outperformance by any means, given the bouts of government risk subsidization that we have seen in 2009 and 2010, but it has been significant and persistent, especially in times of stress like October 2008… Continue reading “Sources of Volatility in Equity Markets”