Aug 08

As I posted the other day, the market has been volatile of late. After reaching a high in Mid-July of 1555.90 the S&P touched 1427.39 on Monday (Aug 6) a drop of over 8%. But now back to 1497.49, the S&P has come back 4.9% from this recent low. This recent blip will look just like any other, meaningless in the long term. What will the market do tomorrow? Random Walk tells me I don’t know, and that short term movements simply don’t matter.

JOE

written by Joe

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