February 24, 2022

Nothing to see here?

On Thursday, the S&P 500 was up 1.5% and Toronto was up 0.1%.

Those figures don’t suggest an extraordinary day. But of course with the Ukraine invasion the S&P was down 2.6% at one point and so there was a huge recovery after Biden spoke and announced sanctions. I suspect there is more volatility ahead.

Toll Brothers was strong with a 4.6% gain. Amazon was up 4.5%. Never a dull moment. I don’t know how day traders do it. Trying to predict the one day or hourly movements is very difficult. Longer term trends of share prices rising as companies grow is far more predictable. Of course what any one day trader makes, another must lose. Not so with longer term investing as money flows from customers of businesses to us owners and not just from one trader to another.

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