In the past week, stock markets have whipsawed between rallying and selling off with at least two days of 3%+ gains in the NASDAQ being followed up with selloffs of 4-5% the next day. The recent behavior of stock prices has felt like a night on the dance floor at the Broken Spoke (but not in a fun way) with the market performing a Texas Two-Step dance of “One Step Forward and Two Steps Back”.
Disease, War, Inflation....and Other Reasons for Optimism
Don't Just Do Something!
While the majority of people I have spoken to in the past couple of weeks have stuck to their plans and shown discipline in the face of very scary stock market volatility, some have asked or even demanded that we just do something. Something like sell their investments until we can see that the worst is over.