Go Read!

 I'm swamped this morning and so a longer post I had planned is going to have to wait.  Instead go read over at CNBC about what September's market decline accomplished.  People forget all the time that stocks will inevitably experience a corrective phase that at its worst can result in a 10-20% whoosh from the most recent highs.  It's the process of removing speculative excess from the markets and setting the stage for things to eventually resume an advance.  Sometimes those corrective declines turn into real bear markets, but that's rare.  It usually takes an extraordinary event for that to occur.  We experienced one of those back in the spring with the virus.

Anyway go read the article here.

Back Friday.