Monday, August 01, 2011

So I was Wrong

I thought the Great Debt Ceiling Concensus would rally the markets..

I was wrong;

Weren’t we supposed to have a big rally in the stock market now that the threat of default was past and our deficit was on the way to being solved?

Um, well.

Dow down 77 at the moment. And long-term interest rates — a barometer of hope or lack thereof in recovery — have fallen to 2.73 percent.

Mr. Market is apparently underwhelmed.

I suppose it goes without saying.. don't get your investment advice from a software engineer. In fact, you'd be better off asking the Magic 8-Ball then listening to.. anyone.. anyone at all.

No comments: