Image Credit: Caravaggio, “The Sacrifice of Isaac” (1603), Uffizi via Wikimedia Commons
By Jason Zweig | Feb. 5, 2018 6:09 pm ET
Stop trying to make sense of the stock market.
The one question every investor was asking on Monday has no answer: Why? Why did the Dow Jones Industrial Average close down nearly 1,200 points, or 4.6%?
Market commentators are already arguing that stocks were bound to fall because interest rates are rising and inflation is sure to jump as the economy heats up. But a week or two ago, before stocks stumbled, analysts were saying just as glibly that moderate increases in interest rates and inflation were good for stocks….
To read the rest of the column:
The Wall Street Journal, http://on.wsj.com/2BYa8A8
For further reading:
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Devil’s Financial Dictionary
Benjamin Graham, The Intelligent Investor