Hang on or you might just fly out of your seat. The manic swings of the Dow in the past weeks feel more like a ride at Six Flags than the stock market. I suspect it reflects the bipolar nature of the traders right now. Down one day and high as a kite the next, they are dangerous folks to have such a control of the nations business, but such is the nature of Wall Street.
Today the Dow closed up over 400 points after dropping more than 300 during the day. Crazy? You betcha! Again I am glad I don't have anything in my portfolio but moths.
Thursday, October 16, 2008
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