5 OCT 2011, Wednesday (PM)

• Love it!
• From bespokeinvest.com...

Insane volatility....Up 8.31%. Down 7.34%.  Up 5.34%.  Down 5.68%.  Up 7.38%.  Down 8.70%.  Up 7.34%.  Down 10.14%.  Up 6.65%.

Those are the swings the S&P 500 has seen over the last thirty trading days.  Not that anyone could, but if you had perfectly timed these market moves since August 26th by going long at the lows and short at the highs, you would be up over 90%.  Then again, had you completely mistimed the market over that same time period you would be down more than 50%.  Having fun yet?

• Steve Jobs...Rest in Peace.