It is Not about Volatility, Folks

Listening to the CNBC talking heads this morning, I hear the word Volatility being mentioned a lot. This is a reappearing pattern when they are scared but would not ever express the idea that the market is in trouble. Note we rarely hear about volatility when they think the market is set to go higher.

What I think they are missing is:

This is about going into a new economic world, one based on real growth, not speculative unrealistic P/E multiples. It started on Aug 7th and has a long way to go.