Monday, August 24, 2015

4094 Stock Market

Monday, August 24, 2015

There's more money to be had in pandering to ignorance than in explaining it away.


Yeah, how 'bout that stock market, eh? 

I talked with Piper last week, and told him yes, I'd heard, no, I'm not worried, and I told him strongly, in no uncertain terms, he is not to attempt to "play" the market with my account.  No selling off anything, no buying anything in an attempt to find bargains, no nothing.  Stand pat with my account.  Let it ride.  He seemed to be ok with that, which surprised me.  I'm sure he's freaking out today, but he's got other accounts he can play with besides mine.

The market has crashed before, and it always recovers eventually, and then goes higher.  We just need to be in nice solid boring stuff that will recover, and I have plenty of patience.  It was a bit too high, too optimistic given the state of Europe and China, and with no nice stimulating wars on the horizon it had to drop to a more reasonable level.  This huge drop is because people are in a panic.  It will stabilize when everyone calms down.

I told Piper at the end of last year to get me out of the far east, primary and secondary --- it was obvious that China was headed for the same housing-lending-banking train wreck that the US had not so long ago.  Yep.


The green quote above, by the way, is absolutely random.  Not that it applies, anyway, except that it mentions money.

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