To recap:

On Monday we were down 600 points, Tuesday down 200, Wednesday up 600 and Thursday the Dow is up 200, at this point.

We’ve ended up in the same place, so far, that we began on Monday.

Still: volatility.  Mixed with emotions.

BZ

Today is Wednesday.

Today, NYSE stocks “shot up” 600 points.

It’s being termed the “best day” since 2011.

One possible reason for today’s performance may be:

In addition to an oversold bounce, some analysts also attributed the gains to comments from the Fed’s William Dudley that a September rate hike looks “less compelling” and a strong durable-goods report.

Monday was termed the “worst day” since 2008.

And here’s another interesting point:

U.S. economy looks better than the stock market

The recent American stock market tumble stands in sharp contrast with sentiment about the U.S. economy.

Further evidence of that was received on Wednesday. The government said orders for big-ticket items like appliances and cars jumped by 2% in July from June. That was significantly more than economists had anticipated.

Clearly, you’d best buckle up for the continuous stock market rollercoaster ride.  Because I don’t think we’ve seen the end of this at all.  Down up down up down up.

This may be the start of a “new normal.”

On the other hand, don’t take a cavalier attitude.  Don’t place all your rocks in stocks.  Diversify.  And moreover, be prepared for the Mysterians to step in at any time and kick the slats out of the stock market.

BZ