O/t musing
I wonder whether much of the volatility is also simply because of the speed of dealing now we have the internet? I remember not many years ago when I'd ring my broker and he'd recommend a limit on a particular share. Then he might or might not ring me back much later or the next day, or he might just send the contract note. Later, I'd receive a certificate, and I'd keep track of the sp via the Sunday paper! The time horizons were vastly different and the behaviour of share prices seemed far more stable - it took a really dramatic event for a major move. Now everyone and his dog is trading via the internet and it must leave room for a lot more switching/panic etc and encourage buying of anything looking "attractive" which one would never have been aware of before the easy access? Perhaps the world has changed forever and sharedealing has become a game of dice while we glanced away? In the past, buying something one believed in and waiting a good long time before even considering selling was the norm, and I guess people still do this with the major stocks. Most of what I own is below what I paid and I hardly ever trade my shares, but some people are making a packet dotting in and out and maybe I should change!