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Aug 31, 2000

Volatile mix

Stock market volatility has shot to record levels this year and it's not just dot-coms that are going crazy

A volatile stock market is often compared to a roller coaster – a silly comparison that crumbles under the slightest scrutiny. For a start, the fun of a roller coaster ride comes from plummeting downwards with frightened abandon; the steady incline is just something that you have to put up with. Try telling an IRO that they should be enjoying the day's 20 percent slump in their company's stock price and just see what response you get. The other howling flaw in the analogy is that roller

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