What is this market doing ?

So, I imagine, I’m not alone in my curiousity about what the stock market is doing ? Did we hit bottom at 6500 a month ago ? Today, it appears we’re heade down again. Well, I had decide what to do with the IRA by April 15. So I went ahead and put my money in. But I put it in a very conservative place. Something tells me that we’re going down one more time. I’ll see what to do with my money AFTER that.

It’s been fairly in the news the last few days. Could be the silence after the massacre or the calm before the storm. I really feel like we haven’t seen the worst of it yet. I prefer believing some of the economist (e.g. Krugman) who are prepared to admit this could be way worse than we’ve thought. Another interesting analysis of the US economy as banana republic economics was this one here in the Atlantic Monthly. Of course, nobody knows what will happen. But it always seems that people are inclined to give into wishful thinking, and that ALWAYS gets us in trouble.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: