The 3rd quarter of 2015 saw a continuation of the volatility that has been the trend for the entire year. In fact, for the quarter the price of the S&P 500 dropped 6.94% and the peak to trough sell off in the quarter topped 12%. When you add this quarter to the rest of the year the S&P 500 price change is –6.75%.
Certainly the global economic concerns have been weighing on all markets, including the U.S. markets. We’ve seen Greece have its troubles, then China, and now Russia is dropping bombs in the Middle East.
But when you rationally look at the market, we needed some kind of sell off to keep the valuations from getting totally out of hand. So, this sell off does improve the fundamentals of the market. But living through the gyrations can be nerve wracking.
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