How many hits does it take to become unaffected by the blow?
The global markets calmed a bit last week. However, that didn’t continue as this week opened with the Greek stock market plunging after five weeks of being closed. Additionally, commodities were hit again after China announced a slide in manufacturing.
And, of course, U.S. equities opened lower on global concerns despite the strength in personal spending.
This week is sure to be a repeat of the roller coaster ride with everyone waiting for the latest jobs numbers due to be released on Tuesday.
So, to address my initial question: Can we absorb so many hits that we become unaffected by the blow? Never. But an investing world dominated by the global economy, real-time information and electronic transactions is here to stay. Volatility is becoming the norm.
Take a picture of rates and the current lending environment. Tomorrow will be different.