Doom and Gloom
Correction. This is a word which seems to be eluding some many reporters this week. I have heard and read of the many reasons for the recent market decline: credit market fears, housing starts, fuel prices, etc. The only thing it has not been blamed on is the White House. Oh, and program trading. Have not heard that one blamed either, come to think of it. Maybe those two have just been flogged to much for anyone to believe they might actually be guilty of this decline.
So whats an investor to do these days? Sit and hold. Just ride this wave like all the rest. Traders? You’re on your own, pale-face. No one cares about traders. It’s the risk you take. You might make a mint and you might get shook out. I think a lot of day-traders did well this week and the last. My guess would be there are a lot of investors scratching their heads saying, “What the hell did I do that for?”
