Fluctuations
Last Week: Legend has it that a young man ventured to inquire J.P. Morgan’s opinion as to the future course of the stock market. The alleged reply has become classic: “Young man, I believe the market is going to fluctuate.” From February 2016 until February 2018 the market violated that theory, rising 45% with very little fluctuations. Since then the market has fluctuated quite a bit, but hasn’t gone anywhere. The [...]