Is this volatility going to slow down? I think it will very likely continue, because we still have so many major problems without any clear solutions. The sovereign debt problem in Europe is likely to continue for a while.
The action resembles what we saw in 2008. We'd have a big bout of volatility, and when things finally seemed ready to calm down, another shoe would drop. I don't believe the situation is as dire this time, but another big spike down would not surprise me. I have no interest in buying anything to hold for long. I might nibble at a few tracking positions, but this market has plenty of work to do before it returns to health and give us hope that an uptrend can be sustained. -R. Shark
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