Subject: Re: OT: BRK vs. S&P
Volatility has been through the roof lately for almost everything, including Berkshire.
......
Just imagine if you knew what time each day's high and low were going to take place...

Right. Even those intraday movements are extreme lately.

I am just wondering what this extreme volatility means in the greater picture, with Berkshire one day clearly profiting from the "flight to safety", the next day when all is going up heavily kind of "neglected". As if practically every day rotation is going on. Remembering your posts, Jim, my hunch is this is in line with your observation that bear markets develop slowly, that the "buying the dips" reaction needs quite a while to disappear, that it needs time for temporary hope to be replaced by permanant frustration/depression, explaining the markets first going sideways, but with constant ups and down.