Have you ever heard that the best comics have great timing? I’m not one of them. My timing is awful. I zig when I should zag, I go left when I should have gone right, and I couldn’t tell you how many times I bought a stock when I should have sold. Yet, as a musician for a living (yes, I actually make money doing it) my timing is what pays my bills.
What if you got an envelope in the mail from the U.S. Department of Treasury that had $5,000 in it? You were so excited that you called your friends and found out that they all got the same envelope. You then read an article at elementary-finance.com that said that everybody in America got $5,000 because the government was concerned that people weren’t making enough money. Great news, right?
The Dow was down almost 4% today and 8.8% for in the last 5 trading sessions. Even more alarming, it’s less than one point away from breaking through the November low. The November low is the lowest that the stock market has been in 7 years. We are again at an alarming place in the economy. Why are we back where we were?
