Wednesday, August 08, 2007


Take a look at a chart of the Dow Industrial average from today's trading:

Just before 3:00 PM, the Dow was up 190, it fell into negative territory a half an hour later, then finished up over 150 points 38 minutes later.

Volatility like this on a daily basis is not a good sign long term.

Nonetheless the CNBC woman who updates the business news on MSNBC at 5:30 PM raved about the trading day.

CNBC - all pom-poms, all the time.

And lately in the markets, it's all volatility all the time.

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