Analysts are now suggesting investors are getting nervous again based on uncertainty surrounding various countries' next moves, especially when it comes to central banks and China's economic situation.
Even OPEC members are getting nervous this week, with both Iran and Venezuela reportedly showing signs of wanting an emergency meeting, to prevent a global oil price rout. Consequently, investors are being told to be cautious and pragmatic, rather than rash in this time of unpredictability.
It's not just oil that seems to follow this trend, but other sectors are riding the volatility trend. Following "Black Monday," Thierry Wizman, global interest rates and currencies strategist at Macquarie Group, told CNBC Tuesday, it's typical for volatility to follow volatility.
"Big down days, are generally followed by big up days, and that impulse lasts for a few days following a shock. It's not surprising that markets are up today (Tuesday), I wouldn't take that to believe they'll be up for the next few days consistently," Wizman told CNBC on Tuesday, before all global markets coincidentally seesawed within following days.