Based on the e-mails I’m getting, I guess that the stock market is getting scary (again). Will someone please remind me why we’re surprised when the market has periods — sometimes long periods — of turbulence and even decline?
We have a word for this: risk. Sometimes, we swap it out with the word volatility. You hear people complain that the market sure seems volatile lately, or they use the market’s ups and downs as a reason (or excuse) for putting all of their money in cash until things “clear up.”