Stocks managed to push off intraday lows in the final hour, which is about the only positive spin on an otherwise cheerless session. DJIA finishes -3.26% (-253.76) to 7,522.42. S&P -3.46% (-28.23) to 787.71. Nasdaq -2.81% (-43.40) to 1,501.80.
I've spent many a tense moment staring at the trends, wondering if a particular stock, mutual fund or option is going to move in the direction I want (or in this case America wants). There's a part of me that wants to shout hallelujah, when things work in my favor, but I'm mindful of the fact that for every winner, there is also a loser, but that's how the market works, always has, always will.
I think what's important to learn from this entire economic downturn, (and I'm sure there are a few short sellers out there) is to put something (a little or a lot) away for a raiiny day. No matter how beautiful the sun is shining, there will come a time when we're caught outside without a raincoat, and that's when the storms are sure to come.
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I think what's important to learn from this entire economic downturn, (and I'm sure there are a few short sellers out there) is to put something (a little or a lot) away for a raiiny day. No matter how beautiful the sun is shining, there will come a time when we're caught outside without a raincoat, and that's when the storms are sure to come.