Here's a chart from reason.com of the recent movement of the stock market that's either scary or heartening, depending on how you look at it.
So far the market's performance over the past 20 months has been about as bad as it was during the 1973/1974 oil crisis and the 2000/2002 tech stock crash; but it's nowhere near as bad as the stock market did leading into the great depression.
We're either doomed, or else we're poised for another spin on the good times merry go round.
http://www.reason.com/blog/show/134405.html
Showing posts with label stock market. Show all posts
Showing posts with label stock market. Show all posts
Friday, June 26, 2009
Tuesday, March 3, 2009
Move along folks, nothing to see here
The month of February recorded the worst stock market performance since 1933.
Barack Obama took office on January 20th and he's been franticly getting congress to pass huge half baked spending programs since then. To pay for part of the cost of his schemes he plans to implement the largest tax increase in human history. To pay for the rest the Treasury will print money.
I've been assured by an Obama voter that the first fact above is completely unrelated to the second, third and fourth facts above. So move along folks.
Incidently, are the seas receding yet?
Barack Obama took office on January 20th and he's been franticly getting congress to pass huge half baked spending programs since then. To pay for part of the cost of his schemes he plans to implement the largest tax increase in human history. To pay for the rest the Treasury will print money.
I've been assured by an Obama voter that the first fact above is completely unrelated to the second, third and fourth facts above. So move along folks.
Incidently, are the seas receding yet?
Monday, March 2, 2009
A little light reading, especially for young people
It's hard to believe that I've never before read the entirety of one of Warren Buffet's letters to shareholders in Berkshire Hathaway even though I've often read praise of them. Having read his 2008 letter (just released with the annual report) I now know that the praise has been well deserved. If all business executives acted, talked and wrote as straight as Buffett the world would be a much better place. If any one politician ever did the same we would all have to pinch ourselves to be sure that we hadn't died and gone to heaven.
The 2008 letter to shareholders is complicated but by the time you're done he's explained a lot of things about markets and investing very clearly. As a bonus he does a great job of explaining derivatives and their risks. It's also worthwhile to click on the "owners manual" and read that.
http://www.berkshirehathaway.com/
The 2008 letter to shareholders is complicated but by the time you're done he's explained a lot of things about markets and investing very clearly. As a bonus he does a great job of explaining derivatives and their risks. It's also worthwhile to click on the "owners manual" and read that.
http://www.berkshirehathaway.com/
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