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Before the study -- called "Who Blinks in Volatile Markets, Individuals or Institutions?" -- the connection between institutional investors and market volatility was hidden.
Volatility was too much.
The volatility was extraordinary.
Volatility was redefined on Wall Street yesterday.
Volpe's volatility was a well-practiced art.
He said currency volatility was undesirable.
But he added that such volatility was not unexpected.
For the S.& P., volatility was the highest since 1938.
The rise in volatility was even more impressive.
Many believe that last year's extreme market volatility was heightened by high-frequency traders.
That was one reason why volatility was so low last year.
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