Pointing Out the Obvious wrote:
Dow closes the week at 16,413, down 159.8 or 1.0% on the day.
Just like the previous equaling of the high, to me this means nothing other than no gains yet for the year. Of course I'm not making anything in cash right now either, but it's slightly more stable than the markets---for now.
I haven't like this year at all, too much fiddle-faddle (that's a technical term, for those of you who don't know). It means lots of activity without lots of progress. Sure it keeps you busy, but I'd rather be busy doing other things, like looking for real property, which I'm now doing.
I find myself considering the property tax burden going forward, and therefore looking at the fiscal situation of various jurisdictions. What can I say? Yuck. Good thing it's not the sole factor.
Anyone with no gains for the year is at the least incompetent if not brain dead.
You managed the brain dead part before the year even began.