Posted on 03/11/2012 4:21:35 AM PDT by Cincinatus' Wife
Until a week ago, it was going up (about 50 cents over a couple months), but leveled off and actually dropped 3 cents locally (3.49 vs 3.52 at the average station in South Mississippi). I think a lot of things are in a short-term stasis until Israel either attacks Iran's nuke program or the MSM makes it seem like a no-go. I recently moved all my investments/retirement accounts into "crash-proof" cash/bond areas to presrve the principle if things head south. I got burned in 2000 and 2008 and an't afford it again as I'm close to retirement age. It seems when the market dives, my stuff dives right with it; when it climbs back up, my stuff lags. Plus, If I had the sense to get out both previous downturns, I'd have close to double what I have now.
gas today isn’t more expensive then when GWBush left office...
it’s just that 0failure cut the dollar in half his second month in.
gold is $1700 and gas is $3.60
the market is also around 13,000... which would be 6,500 in ‘Bush dollars’
It is a reminder that they spiked under Bush. That way, Obama can't be blamed. It's just one of those things that are caused by others.
Coulda, woulda, shoulda. If I had bought AAPL hand over fist the time I only bought a little because I couldn’t stand not having any, I would have five times as much as I do now. I’m overweighted in AAPL now, more than is prudent - but the only thing I’d buy with money from the sale of AAPL would be either gold or more AAPL. So I’m standing pat. AAPL has a modest P/E ratio and a ton of cash, so I’m comfortable with the level of downside risk.But your general point is correct - you can’t afford to fight the market.
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