Forget the relentless equity market selling in 2008. The single biggest factor in the capital markets right now is volatility. One day the equity markets are up, the next day, markets are down. Yesterday the TSX lost 605 points, its biggest points decline in 30 years. Breathtaking stuff. Today the index gained back nearly all of those losses. Pity the panic-stricken investor that sold near the bottom yesterday and then watched stock prices almost universally recover today. So when markets dive is the only sane advice to sit tight?
No comments:
Post a Comment