As many of you are aware, the Dow Jones dropped over 700 points yesterday. After work, at the gym, I was watching the headlines fly by filled with analysts trying to rationalize WHY it happened. I found myself wondering “who cares?” Even IF you’re right about why it happened, do you win some sort of prize? Does your portfolio wipe out the losses from that day as a reward for guessing correctly? The reason WHY the market drops is not important. Stop trying to rationalize the market’s movement.
Here’s what I’ve been reading this morning: