The ECB and the FEDs will start tapering off their assets, which made investors quiet nervous by dropping the markets to lows of last Thursday and Friday. Long time investors are still heavily invested and will take longer to adjust.
Volatility for the long time investor must occur on a much longer timeframe.
I see perhaps a new entry point for the Markets that can reach even higher highs in the coming months. As of Thursday the price has closed inside the channel and one might easy get the impression that the bull run can continue.
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