It’s Not V but a ….

In spite of recent market gyrations the markets are continuing to behave normally.  Its not clear if we will have a swoosh or a W (or a …) recovery but in my opinion a recovery by years end is on the way.   

Under all market conditions you need to know your trading style and how to invest.  I recently read an article where a major financial institution sold to wealthy investors an investment instrument that was highly risky.  Of course they advertised the instrument as being safe. The instrument lost money and the Feds are currently investigating this institution for fraud.  Some basic investment literacy would have warned investors about the type of instrument they were buying.  If you are new to investing I would recommend Peter Lynch’s classic “One Up On Wall Street”.  It’s how I got started on my investing adventure way back when I was in high school.