You know, I was thinking the other day when we had those tremendous gains in the stock market. Wouldn't it be better to have steady growth, instead of record drops and record rises? I think that the stock market being up 800 points is almost as unhealthy as it being down by the same amount.
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If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. May your chains sit lightly upon you, and may posterity forget that you were our countrymen! - Samuel Adams
This is what they call "a period of increased volatility". Those of us who don't figure the world is about to end, believe things will calm down, the market will find it's place, and resume it's more normal-sized swings.
I'm betting heavily that it will.
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And I'd discuss the holy books with the learned men, seven hours every day. That would be the sweetest thing of all.
This is what they call "a period of increased volatility". Those of us who don't figure the world is about to end, believe things will calm down, the market will find it's place, and resume it's more normal-sized swings.
I'm betting heavily that it will.
Ah, but my point was not "the world is going to end" but rather "huge gains in the Dow aren't necessarily healthy". It's just I've heard many people heave sighs of relief when the Dow shoots up by some huge amount, and I don't think that's wise. The huge gains are almost as unhealthy as the huge drops.
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If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. May your chains sit lightly upon you, and may posterity forget that you were our countrymen! - Samuel Adams
I'd agree that the massive ups we've seen are not a symbol of health - because they're paired with massive downs. It means people are betting on what things are actually worth, and there's serious disagreement about what that actually is.
Massive moves in either direction are cause for concern.
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And I'd discuss the holy books with the learned men, seven hours every day. That would be the sweetest thing of all.
