Add it All Up

The Dow ended up almost 5% for the week but was up almost 16% at one point. The Dow ended up almost 400 points but traded in a 1567 point range. If we ignore the in-between, a 400 pt. gain is a good week but it's a fraction of the 1874 point loss of last week. Lots of heart wrenching volatility.

Today was volatile in itself but given that we hung on to a good part of yesterday's gain, I would call it a win. As I said before, a lot of traders do not want to hang on to long positions over the weekend.