July 31st, 2008

Stock market

Posted in Money by ed

This chart goes back to late 1999. Thus captures the disaster of Bush-Cheney in its entirety.

Simple question before us now, post Fannie/Freddie fix, is whether the long term support line circa 10,750 will hold.

Thinking “Yes,” I began to put some of my retirement money back in the market last week. Financials. Having held mostly cash (except for energy) since March.

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