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.
Posted by Tyrone Griffin at 5:46 PM