First of all, we would be amiss if we didn’t congratulate our readers, and especially our subscribers, on staying cool and collected yesterday. It’s very easy to get swept up in the panic and the buzz and forget that the S&P 500 is only 20% off its all time high from back in October. A 20% decline is standard bear market fare; a few large companies failing is standard bear market fare; and despite what all the financial media are…
Sunday, August 10, 2008
Random Roger, following up on the 300-point rally meme, agrees that during bear markets, there does tend to be more volatility. Remember, volatility doesn’t necessarily equal whatever is happening (or not happening) in the VIX. And more importantly, volatility doesn’t equal large-size selloffs – monster one-day rallies are constitutive of volatility, too! Adam has had enough of people deriving some major magical causal link between the price of crude and equity rallies. We couldn’t agree more – oil-related stories are…
Tuesday, September 16, 2008
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