E. B. White Volatility Quotations

We suspect that right now we are in the midst of what is a normal 10 percent correction. This is normal market volatility that people aren't really used to. A lot will be driven by the releases on the economy at the end of next week, namely the employment number.

I guess the real question here is, what is the cost of bond market volatility and what is the cost of the Fed's miscommunication with the market? ... They went out and told everybody to buy bonds and then they cut their legs off.