Nov 06, 2008 21:51
Of course, just when I have decided to start diving into the stock markets, the movements went southward! Of course! Why should I expect any different? I was so hopeful during the rally before the election. And then the election finished, and Democrats won, and I'm happy, but Wall Street isn't. Of course the markets are not happy. Why the fuck didn't I remember that before I executed the trades?
Oh well, I keep telling myself I'm in the markets for the long run. It's just disheartening when I saw my shares/funds tumbled a couple of points today. Nothing I've read so far shows any optimism that we are going to get over this hump soon. We're talking maybe 1-2 years of recession. So they said. I think the last time we had the techie bubble, I remember people were desperate too. But apparently that period pales in comparison with now. People old enough to remember keep comparing this to 1987. Heck, I'm not old enough to remember what Reagan did... But people keep saying the Dems at the three executive and legislative branches of the government will try their damnedest to end the Reagan era. Does that mean no more free markets?