Wednesday, December 10, 2008

It's No Wonder We Feel Sick

It's not the size of the wave, its the motion of the ocean? In this market we have both.

From 1945 through 2007 there were 49 days when the S&P 500 moved 4% or more, less than once a year on average.

Thus far in 2008, a year not yet finished, we have seen 28 days of more than 4% moves either up or down!

Is it any wonder investors have gone fetal?

John Barnyak