It’s interesting to watch as people rush about in shock that the markets decided to act like markets. Instead of a slow, but steady, upward increase, they’ve been all over the place. Once again, we’re seeing words like “volatility” pop up, as though it’s a new concept.

And like a bunch of tarot card readers, investors are trying to read the signs and determine what comes next. But it’s left me wondering: Why are people so surprised? Markets, by design, tend to go up and down without warning.

Read the rest of the article on The New York Times.

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