When the market heads south like it did this Tuesday, May 30, negativity and panic start to materialize out of nowhere. I always wonder why fear takes hold so fast. To me big market swings imply too much speculation. Investors should be just fine. If you can tolerate some of my amateurish musing read on.
Rap this in the Wall Street Journal
The Market rocks back and forth
'Cause no one knows what anything's worth
Speculators, day traders and stupid people bleed
Running from rumors and data they cannot read
Knee jerk reactions by second guessers
Monday morning quarterbacks called analysts
Whose track record is one of shame
Making lame calls that bring them fame
So they blabber on with worthless information
And draw their paychecks ignoring the pain
Of traders that chase the latest for no gain
While Mr. Buffett continues to build piles of cash so high
That he can pick up bargains while others cry
This game is for the patient and smart, not for all
With so many options to put or call
But few choices for investments that make sense
Unless you're patient and wait for your chance
To sneak in when no one's looking and most are selling
So that in the long run you will be telling
How you made your fortune over time, in your own way
And did not panic on a down day
So remember what Cramer said, Not Jerry's friend
But the Market Guru, and brilliant dome head
There's always a bull market in something somewhere
So when stocks go down smile wide
And pick up the bargains at 'low tide'
You can find the deal of the century
While spending most of your time with family
If it matters to you what the market did today
Then you are doing something wrong I say
Take a deep breath or a long nap
Forget all about this daily market crap
And if you can't stay calm when the market goes down
Then invest in the index funds which are always sound -- and stop worrying!
by ... S-Master-Nothing (Sheldon Liber(C))
(Richard F. hurry up with the music!)
United Technologies fires up a deal with GE
Cramer on BloggingStocks: Not much time left for downside 
Foreclosures fall, but are still higher than a year ago
Reader Comments (Page 1 of 1)
6-01-2006 @ 11:53PM
Fred Mirsky said...
YO! WORD!!!
6-27-2006 @ 9:44PM
Mr. noitall said...
Sounds like you're one of those "buy and hold" index funds morons, who think the market will allways recover, lol. I'm tired of hearing that statement "Since 1945 the market, blal,blal,blah..."
The market is full of mom & pop investers who bought into that myth. They don't have the stomach for the market and they don't belong in the market. They cried like babies the last time the market started to tank, so Uncle Al bailed them out with cheap money.(which also created a housing bubble). Now when that cheap money is creating high gas and commodity prices, they are crying that they are getting gouged. The markets (stock & real estate)are about to tank big time, buy and hold index funds,lol.