Stock Itch

Having watched the stock market closely since the recent “crash” back in October, yesterday’s 6 year DJIA low doesn’t really surprise me. What did surprise me was the upward run in early January. What was that all about? Bad numbers continued to mount, mass layoffs were looming after the holidays (now realized) & the media has people freaked out to the point to where no body wants to buy anything.  I’m starting to understand a few things, the most important being that in general people are not rational. And that’s what I’m banking on.

This entry was posted on Friday, February 20th, 2009 at 10:19 am and is filed under DJIA, Investing in General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.