Investment Markets volatility

Investment Markets volatility is often referred to in discussion as though the markets were actually living beings: it is said of them that they 'behave badly'; 'are rising'; 'are flying' and so on. Whilst we may recognise these as being metaphors for the activity that is taking place in the market places, they are not actions of the markets per se. The Markets are Manic!  This was a popular claim [...]