Thursday, June 10, 2010
Finally a Good Day
Today was a good day. After a week of bad days. Very bad days. I'm still down from my high by about 50%. That translates to mean 2 months ago I was up 40% for the year, now I'm only up 21%. I'm down 15% in BP, but yesterday I was down 28%, yeah, it rose 13% in one day. Welcome to the illogic of the stock market. This in the midst of them SNAFUing the Gulf of Mexico oil spill every whichaway they can. But I stand by my thought that it is a good time to be jumping into the stock market. I'm currently reading Michael Lewis' The Big Short: Inside the Doomsday Machine. Fascinating reading. It reinforces my theory that the big brains on Wall Street are just as dumb at the rest of us.
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