July 21st 2010 archive

The “zoom theory” and market gyrations

By Craig Stock on July 21, 2010 8:52 am

As we sat around after a recent family cookout, talk turned to the stock market’s recent gyrations.

The older folks (I am, of course, in that camp) were grumbling about the spring slump in stocks. After listening to his middle-aged relatives talk about the damage to their retirement portfolios and their varied views on the market, my 20-something nephew, Rob, confidently said he saw no reason to fret.

“I just keep the zoom theory in mind,” he said.

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