As anybody who pays attention to the stock market will tell you, these past few weeks have been particularly volatile. Volatility is what drives a market really. Volatility creates opportunity; it also destroys wealth if one is not careful.
The past few years have seen a major sea-change wash over Wall Street regarding the way it conducts business. Many jobs that were formerly carried out by a living, breathing person are now being done by a computer model, especially in the equities arena. But models are only as smart as the person programming them, and these past few weeks have been humbling for many "quant" guys to say the least.
