No Obvious Catalyst

Apple shares have given investors a wild ride over the past five days. The stock had continued its downward drift since September , then reversed course mid-Friday. On Monday it rose $38.05 (7.2%) from the previous week's close.

Sharp price adjustments are to be expected after new product announcements and earnings releases, but there was no obvious catalyst for Monday's action. Down 25% from the September high to last Friday's low, then snapping back almost 12%. If one is an Apple investor, one has grown accustomed to rapid price increases, and now decreases.

As Nassim Nicholas Taleb says, volatility is here to stay, and we may as well learn to love it.