09.17.09 Market Thoughts

Almost a year ago, I posted that I was "all-in". After that, the market took a brief detour downhill, but it's well above those levels today. At this point, optimism has returned, and people believe the worst is over. As such, I've put in stop orders.

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Lots of luck

With 15%-20% unemployment? The stock market may have turned around but what has that to do with the American working class? Our owners don't care if manufacturing goes off shore as long as they can sell their products to someone.

Find companies that produce a good product at a fair price and sell for less than 5 times earnings and you will do fine in the long run. As Maynard Keynes said, "In the long run we are all dead."