Like a good thriller, you can’t be sure where the stock market is headed these days until the very end.
The market has become so volatile that big swings are happening not only day to day but hour to hour as investors react to a mix of hard news, fear and speculation.
Take Wednesday, for example. What seemed like a terrible day for stocks ended up being quite a good one after the Dow Jones industrial average swung from a 500 point loss to a 230 point gain. The opposite has occurred in recent weeks, too, with early rallies turning into routs after stocks plunged in the last hour or so of trading.