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Fear tends to manifest itself much more quickly than greed, so volatile markets tend to be on the downside. In up markets, volatility tends to gradually decline.

Volatility may be rising simply because investors must digest more information every day.

Different industries have different risks and growth rates and volatility.

The whole market mechanism and its evolution is something that, I'm kind of of the Buffett School. You know, if I see a derivative, I run the other way.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.

The markets don't like instability and they don't like uncertainty.

Markets need morals.

Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.

People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.