Losses turned into gains in lockstep with the profile of the Russian President’s contradictory behavior. Today was good, once Putin’s explanation came out and his recall of troops from their ‘exercise.’
Such contrary behavior interferes with meaningful portfolio decisions. The market seems more emotional than rational when doom on Monday turns into euphoria on Tuesday.
So many reversals after posting new highs -as shown in today’s diagram- prevents meaningful analysis and projection of the market’s behavior.
DJIA 1.39 percent
NASDAQ 1.75 percent
S&P500 1.52 percent
