Wave Chasing

At least that’s what I keep hearing – that all the reporting of the various rumors and news surrounding the ABK bailout is what has caused the volatility in the markets.

I don’t know about anyone else, but I can’t go along with the cries of “irresponsible journalism!” that are being bandied about.  Rumors abound and especially with the current market conditions – personally, I don’t think I have heard any rumors reported as hard fact.  Rumors have been presented as that – rumors.

Markets run on information – and information changes fast and furiously.  If you can’t deal with that, then you probably shouldn’t be active in the markets and instead stick with index funds or mutual funds.