David Wolf and Canadas Schulich School of Business

Canadas Schulich School of Business: My dad has been quite panicky, Wolf said of his father, Bernard, a retired economics professor from Canadas Schulich School of Business. He knows what markets are all about and he knows what the economy is all about, and even he gets scared when stocks rise and fall this fast, according to Bloomberg. Stocks slid, recovered and lurched again as concerns mounted that Europe will slip into a recession just as Federal Reserve bond buying ends. Speculation that Ebola is spreading, concern about the health of the global economy and selling by hedge funds sent the Chicago Board Options Exchange Volatility Index above 26 on Oct. 15, a two-year high and David Wolf, a fund manager at Fidelity Investments in Toronto, says equity spasms such as those that shook global stocks this week scare professionals as much as everyone else. One of the most volatile five days for stocks since the financial crisis ended yesterday with the Standard Poors 500 Index rallying 1.3 percent to 1,886.76. That pared the decline since Oct. 10 to 1 percent and handed investors a fourth consecutive weekly retreat. The benchmark index slumped as much as 3 percent on Oct. 15 before recovering in the biggest swing since 2011. (news.financializer.com). As reported in the news.