January 23, 2008

Today's market: Talk about moody

Today is one of these days that makes you go Hmmm!

The S&P made a 5.5% swing in few hours, measuring from the low of the day to the close, which was the high. That percentage swing is rather large for intra-day move. I am not sure if we have managed to fix the economy and all the credit problems since lunch today. Amazing!!!

Today's action is just another proof that to be successful in investing it is about following a process independent of market action and economic forecasts.

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