"since May 2012"
You say that as though it were a long span of time.
That's like in track when they say in August "the fastest performance since May".
I don't manage other people's money, but people seem to think I know what I am doing. I have already fielded calls from 10 or so friends who want to know if this is the big one, or what this means.
Is this because it's a Friday?
I have told everybody that I don't know, but that I haven't bought in yet.
Yes agip, they seem scared, and fear can be a powerful motivator--most of the time, to do something regrettable or stupid.
Down around 400 to around 16.6k. Funny, I think it's now down to around the same level at which I got out, I can't remember exactly. I will check.
Meantime, I hope the bleeding accelerates.
Here's a theory: if the markets tank, the economic numbers are sluggish, and unemployment doesn't get better, they won't raise rates; and if they don't raise rates, the markets will bounce back quickly because of the low cost of money. IF that's true, there will be a lot of money to be made in a relatively short span of time. Memories are short. I could see myself getting in, and then getting back out again not too far in the future.