@theMarket: Day Traders Rule the MarketsBy Bill Schmick, 11:49AM / Sunday, October 02, 2016 | |
What a week of volatility! The Dow was up or down 100 points or more every day while the other averages were equally as volatile. Brace yourself, because October should be just as crazy.
Pick your poison: the presidential debate, fears of a global banking crisis, a spike in oil — all of them provided a field day for short-term traders. Of course to profit, one must have known who would win the debate, that OPEC would come to a tentative agreement to cut production, and that the largest bank in Germany would experience even more financial difficulties.
I wrote last week that politics would impact the markets this month. The first presidential debate saw the market drop
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