By Mohamed A. El-Erian The gyrations of US equity markets on Wednesday -- the Dow Jones Industrial Average initially surged almost 200 points, turned negative, then finished the day up 122.10 points -- were yet another demonstration of generalized increased volatility. These days, swings in the Dow of several hundred points seem to be the rule rather than the exception, and occur whether the news of the day is big, small or nonexistent. And these wide US fluctuations affect and are affected by global markets that are at least as tentative and jittery.
BEIJING: Li Haitao, a 24-year-old employee at a steel trading company, did no research last June before he joined a stampede of novice investors into China's surging stock market. He paid for his risk-taking. "I went in blind," said Li, who works in the southern province of Hunan.
The start of a new year causes many people to vow to change, make resolutions or try something new — after their hangover wears off anyway. For investors, it can be a good time to review their portfolios, investment goals and strategies: Is your investment plan working? Is your advisor earning his or her keep? Is your portfolio diversified and balanced?
By Chris Katje: Last week, shares of TearLab Corporation (TEAR) jumped 12.6%. The move came from increased volume and a buy recommendation from stock picker and CNBC host Jim Cramer. The company is still underfollowed and undervalued, but that is about to change.