Spend a moment thinking about what that environment was like
Joshua M Brown
These were the most read posts on the site this week, in case you missed it:
So, it’s official – we’ve had a stock market correction
(The Harbor Beach Marriott, not bad as far as views go.) Living Fifteen Minutes in the Future is a term I learned from Howard Lindzon to describe his circle of VCs and angel investors and I think there’s a version of this happening in the FinTech world that’s really exciting to be a part of….
Vol trading is for professional traders. Everyone else should be taking the right amount of risk so that vol isn’t a potentially destructive issue.
Risk assets around the world are having one of their worst stretches of the decade right now
At the lows today, the Dow Jones Industrial Average saw it’s biggest intraday point decline in history (back to 1900). At the close, with the Dow down 4.6%, or 1175 points, it was only the 108th worst percentage drop in history. The last time we had a Dow drawdown this big in a single day…
Nobody explained to the President and his sons this very basic fact about the stock market