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Before we get into the meat and potatoes of this, let me start with a bit of personal biography. I’m a gun guy. I’ve been a gun guy since I was born, simply because my dad was a hunter and fisherman. I was raised around guns all my life. Shotguns, rifles and handguns were simply part of our home. It was as normal to me as a toothbrush.
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.