A lot of money was lost and made today, but does anyone really understand what’s going on? Last Monday we were told the market dropped because the House voted down the bailout. Today, the first business day after another bailout bill passes, the market drops again. Now we’re being told it’s a worldwide problem that can’t be fixed with just U.S. action.
I’m starting to feel pretty smart selling some stock a couple of weeks ago to pay for college tuition. I wonder how long it will be before INTC gets back to those levels. (And I wonder how long it will take before I feel stupid for having sold…)
What about you? Are you holding firm in the market? Are you moving your money around? Or are you digging a hole in your back yard to bury some gold coins?