It goes without saying that the stock market has been volatile this year. In fact, the monthly difference in percent between the highest and lowest intraday price for the S&P 500 has been higher than its corresponding 25-year median for each of the first 11 months of 2009.
So far during December, however, the differential is below its long-term average (based on the high of 1119.13 on the 4th and the low of 1085.89 on the 9th). Will December end up being the only month that is below average — and, perhaps, the least volatile month of 2009? Or are we set to see some (more) fireworks during the next two weeks or so?