Obama vs McCain
These are interesting times. I can’t believe America is considering the following resume to be leader of the free world. National experience: 143 days Executive experience: none Administrative experience: none Foreign Policy experience: none Economic...Panic
My mother called me this morning. “I’ve been worried about you. Are you okay?”, she asked. I told her that I was fine; that you only lose when you sell. Which got me thinking…What rules should investors employ in this market? You only lose...Debate #2, The Morning After
Question of the Night: Why should we trust either one of you? Good question. In typical politico style, I heard both candidates answer in this manner: “Blah, blah, blah, yak, yak, yak”. I don’t know how I would have answered the question if I were...
Market Panic
All right, perhaps panic is too strong a word, but my goodness, it certainly does feel like one. The Dow Jones Industrial Average fell 5% today and is now down 30% since January 1. The S&P 500 is down 33.7% year to date and the NASDAQ is off 35.6%. This is indeed a bear market, but there is nothing rational about it whatsoever.
The sell off appears to be about nervousness investors are feeling about the future, the global economy, the bailout, corporate earnings. I try to keep a cool head, but the Dow is down 800 points in two days and even I wonder where it's going to end. Then I remember what Warren Buffet said...
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