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"these wide ranges don’t usually scream trouble for stocks. When that happens, the S&P has ended the next day down 58% of the time for an average loss of 0.4%. About two-thirds of the time the index rises in the five days, month and three months following these wide swings."
“I don’t read anything special into this day [Tuesday] other than what I think is going to characterize the markets throughout the year [in terms of more volatility],” Mr. Clemons
Comments
Another tough morning, at least.
"these wide ranges don’t usually scream trouble for stocks. When that happens, the S&P has ended the next day down 58% of the time for an average loss of 0.4%. About two-thirds of the time the index rises in the five days, month and three months following these wide swings."
“I don’t read anything special into this day [Tuesday] other than what I think is going to characterize the markets throughout the year [in terms of more volatility],” Mr. Clemons
Volatility is the new normal.