In February 2009, the Dow Jones Industrial Average was at a level of about 8,000. In January

Question:

In February 2009, the Dow Jones Industrial Average was at a level of about 8,000. In January 2016, it was about 17,150. Would you expect the Dow in 2016 to be more or less likely to move up or down by more than 40 points in a day than in 2009? Does this mean the market was riskier in 2016 than it was in 2009?