Market Comment - Frenzied Trading

Trading on the day after the September long weekend has shocked market watchers on many occasions in the past. This year, markets have seen wild volatility through much of the month of August, so it seems to me that anything is possible tomorrow.

There is little comfort in the realization that whatever happens on the Tuesday morning following the September long weekend, is often largely retraced by the time the markets close.

BLACK SWANS are more fun than Bell Curves. If markets conformed to Bell Curves, we forecasters would be out of business.