Fragility Flu Is Bugging The Market
both its biggest one-day point loss and biggest one-day gain last week, dropping about 10 percent in midweek before making almost half of it back on Friday. This lunatic lurching is an example of not only how nuts the market is, but how fragile some of its favorite stocks are. Let me explain. Even though the market is a multitrillion-dollar beast, all it takes to send the broad indicators soaring–or sinking–is big moves in a few dozen stocks....