Low volatility may be here to stay, argues BNP's Gerry Fowler, the result of an "extreme"...

|By:, SA News Editor

Low volatility may be here to stay, argues BNP's Gerry Fowler, the result of an "extreme" risk-on, risk-off environment where investors sit on their hands until some central banker or government official utters something. The resulting high volatility on just a few days makes all other trading sessions snoozers. It's enough to drive even Louis Bacon to the golf course.