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Please read tonight's article, it's got a story about a gent that I know who never gave up on his dream, and now his dream is coming true. I met this man 20 years ago, and watched him battle against all the negatives for years untold, and now, things are beginning to really shine for him and his dream. He just had a meeting with Senator DeSanti's wife, and there's a news conference scheduled for Thursday morning. Heartwarming story, please read it.
Then of course I have to talk about the insane volatility as we've had 900 point down days, 300 point up days and days like today where the market did a 1200 point round trip. Why the volatility? Why were treasury yields crashing? Why did 3 Central banks slash interest rates? We talk about all that and more.
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.