Wednesday, October 15, 2014
The Economy - Stocks
Stock markets were a roller coaster today. We have not seen this kind of volatility in a long time. I think that the level of volatility is indicative of a market that has not decided what direction it is going in. Is it going to sell off, or is it just going to dip and grow? Is this a small correction, a major correction, or is this a crash? The markets have no clue, so you will see this level of volatility till the market finds a solid direction. My guess is that the markets will go lower because there is nothing driving growth. In fact, what ever growth we have had over the last seven years has been artificial thanks to the FED. In any event, I don't believe things will end well and eventually the markets will crash. To bad my whole retirement is wrapped up in how well the markets do! I guess I'm working for a few more years (Though I doubt I will ever be able to retire).