At this time, it would do everyone well, to just breathe deeply and sit back, relax, and wait. Things will eventually turn around for the better on the stock market. Unless you have enough experience to do a bit of day trading, to take some money that you don't really need, look at the top price of a solid stock, a year ago, and buy it now when the market is way down, and as soon as it goes back up, sell, sell, sell. This is what a friend's daughter did last week and pulled in a bundle. This is going to take some time to settle down, so don't give yourself whiplash, trying to follow the ups and downs of a gyrating stock market, that is moving up and down on every little whimper from all kinds of places, inflation is tame, retail sales are down, Citigroup's third quarter was lower than anticipated. Watch a game show or something, drink some tea, unless you just can't stand it, then take your cash and run to the gold mines, or T-bills, or your safe deposit box, until the traffic clears up. We will get through this, one way or another.
To all those who are celebrating an October birthday, Happy, Happy,
to you and yours.
The Japanese Prime Minister, expressed his opinion about the financial crisis, and mortgage mess in the United States, saying in essence, that the seven hundred billion dollar bailout plan, was not enough to solve the problem. Hope no one pays any attention to him, or tommorow may be another down day on Wall street.
Secretary of the Treasury Paulson, apologized to the American people for the missteps made so far, and stated that they are on what they
think is the right path. Well if so, where is the liquidity that is supposed to go into the major banks? Stop the dilly dallying, before it really won't matter, because the DOW will be down to 2,000 points and we won't venture a guess, as to what will happen next.
Pity the next President, whoever he may be, with so many things on
his plate.
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Light, sometimes gets swallowed up by night.
