The Roulette Wheel of Wall Street: A Recipe for Disaster? The S&P 500 Index has been careening from one extreme to another, leaving investors grasping for a steady hand in an increasingly treacherous market landscape.
Over the past five years, the index has spent more time on its sides than standing upright, with massive gains concentrated into brief, explosive bursts of momentum.
This phenomenon is not new; it's simply the latest manifestation of a decades long trend that has transformed the stock market from a relatively stable asset class to a high stakes game of chance.