Frank Robertson's Blog

I don't know you about you, but watching what the stock market does on a daily basis is making me dizzy. Up 400 points one day, down 300 plus the next, and then up another 200. Sure, I hear all the same explanations you do. A major corporation announces layoffs one day and retail sales are better than expected the next. The Fed cuts interest rates and the market rallies. If there's a lesson here, I guess it's that we shouldn't obsess about what the market does on any single day. I'm not even sure how indicative it is of the economy's overall health. Having to pay $3.50 a gallon for gasoline may be much more telling.