Wednesday, August 1, 2007

Stock Market Volatility

While the talking heads on CNBC have been blabbering about "volatility" all day long, you'll see that so far, that's not the case.

There has been extreme volatility in housing stocks and in mortgage names, but the rest of the market has been locked in a chopfest.

I'm not saying that we won't see overall market volatility today, but so far, "Clarence, the rodent of stock market volatility" is sleeping in his bed of cotton balls and wood chips.

UPDATE: Clarence woke up. Actually, it was me who was sleeping. Volatility abounds!

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