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Here’s an interesting tid-bit: The S&P 500 went 94 days without a +/-1% change and then had 5 in 8 days.
That pretty much sums up what has been going on over the past few days. Since the big plunge and bounce on Monday, we’ve seen the market travel up and down over 1000 points combined. I didn’t take the time to add up the swings today, but suffice it to say, it was wild.
Today's free investing newsletter is up and tonight we look at exactly, and I mean exactly why this bull market is different from the one's we've had in the past, and what's behind it all. Yes I'm talking Central banks, and just today the Swiss posted their latest 13F filing. Inside the hundreds of US stocks they own, we find that they bought FOUR BILLION dollars more. Their holdings now stand at 84 Billion dollars worth of US Stocks.
So when you wonder why stocks seem to defy gravity, check out is evening's letter. We spell it all out, including the links to their exact holdings.