VOLATILITY
Volatility is alive and well, and the world’s markets are as volatile as they have been in some time. The volatility has a few causes. One is the intervention by the Japanese, Europeans and others to adjust or slow down the downtrend in the U.S. Dollar. Another is the short-term approach of many stock market traders active in world markets today.
In our opinion, the volatility created by central bank intervention in the markets is going to continue, and perhaps grow because central banks are now frightened. They are frightened that their plans for economic growth and the . . .
Continue Reading: February 25, 2004
