Yesterday was a historically spectacular day on Wall Street … DJIA down 1,000 on the open, rebound by about 750 points, back down by 750.
Unprecedented volatility.
Geez, was the world’s economic structure changing that much hour-to-hour?
Was new economic information flowing in at warp speed?
Nope.
Sure, there was a deepening understanding that the market is over-valued and that China’s economy is in trouble.
That explains a big correction, but what about the hour to hour volatility?
The Homa Files 