Monday, October 13, 2008

Dow Soars, Pass the Dramamine

If you suffer from motion sickness, avoid Wall Street like the plague. The Dow had a record 936 point gain today. That is truly a dizzying number. It was sparked by World Govts. nationalizing banks, and other continued bail out efforts.

Most people I know, talk all day long about how they hate Government interference in their lives. Then they cheer like crazy when the Government starts taking over businesses. I can't help shaking my head in wonder. So far, every decision made by Government in this current economic meltdown has been bad. But today, the stock markets are happy and its buy, buy, buy. Tomorrow it may be bye, bye, bye.

Be prepared for a time of wild fluctuation. If you watch the Dow like a hawk, then you are in for one heck of a ride. My advice; close your eyes. Relax. Have a coke and a smile. Take a long view. If you insist on watching, then "please notice the pilot has turned on the fasten seat belt sign as we are experiencing severe turbulence. Please return to your seats and fasten your seat belts until the Captain turns off the sign." Good luck. I hope you have a strong stomach. Too much craziness for me, I'll stick to "It's a Small World".