The Dow Jones Industrial Average, which had fewer technology stocks than the S&P 500 and suffered less in the bear market from 2000 to 2002, has held up better, but not a lot better. It has risen less than 1% a year since January 2000. The word for the day is
pusillanimous - and it refers to Obama.
If it wasn't hard enough to get a hold of the true direction of the market,
now I have to look up the definition of pusillanimous.... My heads hurting !
(Just having a little fun Birch)
It's so easy for me to fall into the media trap, they call todays move up
a Bias Rally and that the Bulls are not convinced that the downturn in
commodities will last.
If real life experience counts for anything, a few things stand out in this
consumer driven economy. It costs me more to drive to the store to buy
less food. Since these are not a Luxury that I can do without, I'm now
being forced to take from Peter to pay Paul. Peters getting pissed and
Paul keeps getting richer. And alls I want is my MTV. But thats no longer
an option because cable is now a Luxury I can't afford. Nevermind the
loss of buying power that my TSP will have. When it comes time to reap
my reward, I fear it will come in the form of a Help Wanted Ad with no
jobs available.
Thank goodness both Democrats & Republicans have a sound plan to fix it
all and I have no need to be concerned about my budget or this countries
future. It's not armeggedon, but geeez, I'm in the bunker just in case.
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