Market Volatility This Week
As of writing, we’re down over 150 points on the Dow today. We’re getting some more exciting moves in the market. This will make several days in a row of near 100 point moves or over 100 point moves. While nothing can really be infered at this point, it is definitely more exciting for those of us who watch the market on a daily basis and definitely those of us who play the market on both the long and short side.
I tend to believe that the market has topped for the near term with the Dow topping out in the 10700 area earlier this year, but that could easily change. There is a reckoning coming, but you can’t underestimate the ability to hold off that day by the powers that be.