Commentary
The stock market does not like major changes in the status quo, especially when the changes encompass uncertainty. Hence it is no surprise that, over the past few weeks, we have seen it go down and we have seen it go up. And over the next month, that pattern will likely continue as the market overreacts to each new bit of “bad” news hyped by the media. This is upsetting to some, but trying to craft good public policy to suit the stock market’s vagaries is a fool’s errand.
