Stocks have advanced from SPX 666 to over 2100 recently. That is 215% increase in 7 years! Today it is down 3%,
That is Oil went up 20% in last 3 days before falling 8% today.
Keeping things in perspective.
Those Wall Street Computer algorithms do a pretty good job of turning churn into inflated value, don't they?
All the Stock market is anymore is big monied computer systems bidding against each other coupled with the inflationary policies of the Fed and FedGov.
Most of that growth since Obama tanked the market back in 09 is just bubble.
This is 1928 or 1929 stuff.
The problem is that financial writers don't like to keep things in perspective. They prefer instead to use words like "soaring" and "on fire" when the market moves up. And words like "crushed" and "collapsing" when the market moves down.
That leaves most folks (including me) a bit confused at times.
He who focuses on ANY 3-day period in the crude mkts thoroughly DESERVES his fate...and will meet it shortly in all likelihood.
Yeah, keep thing in perspective, agreed. Now, let’s talk at the end of September about the market trend versus the daily gyrations. Sure it’s going to bounce around, but the real concern is that the fundamentals are no longer sound and we are in a market decent.
Yes. When people have this conversation with me i always ask why not start in the 1830’s when the DJIA dipped to 30 something. Yes. That’s the full price. Two digits.
Keeping things in perspective, what is behind the volatility? Value??