Oy this market stinks.
When up days evaporate into losses it is so demoralizing.
I mean down 8% like we are in the SPX isn't so bad, but these days of losses over and over and the savageness of the downturns is getting to me.
And of course portfolio theory is failing - bonds are down more than 2% this year, so there hasn't been the usual hedging from bonds.
That said, US stocks are still up for the year - around 3%. So it hasnt' been a disaster, when you look at 2018 as a whole.
totally agree. Just relentless.
Futures are up overnight and climbing, hoping that portends better things for tomorrow. That, and if we revisit the low from a couple of weeks ago, hope that will form a double bottom and rise from there.