The Flinchum File

Thoughtful Economic Analysis and Existential Opinions
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Whipsawed Again

This is no fun!  Here is the Dow over the last seven trading days:
                                    
                                    August 2nd . . . . down 265
                                    August 3rd . . . .  up 29
                                    August 4th . . . .  down 512
                                    August 5th . . . .  up 60
                                    August 8th . . . .  down 634
                                    August 9th . . . .  up 429
                                    August 10th . . .  down 510
As I type this, it is UP 287 points, but I’m not happy about that.  Normally such volatility means a change in direction, usually after a few days of stability.  The only normal day in the last ten is August 3rd, when it was up only 29 points.  I’m ready for a few stable, boring days . . .
Boring is good!