Quote from hayman:
Come on guys, get real. The world is saved one day & the world economy is growing. The next day we're talking about deep recession and the worldwide contagion epidemic. And back and forth, back and forth we go, on almost a daily basis.
The "news" is no longer a long-term phenomenon; it is designed to be digested and applied to a maximum of 24 hour windows at best. The pundits run with the flavor of the day, and market continues to whipsaw in ways that were uncommon just a few short years ago.
Tomorrow we'll be down a couple of hundred points, and by weeks' end, Greece will adopt all resolutions, and the market will fly. Then, next week, something will be unearthed that will cause the downdraft to start all over again.
