Thursday, May 20, 2010

It's the end of the World as we Know it

  • At least it felt that way as the market tanked today. $$
  • I was stuck at work and unable to watch it implode. I get the bad employment news and the continuing troubles in Europe. Investors also worried about US debt and financial reform. Anything new, though?
  • What to do? Nothing, yet. Having sold my high beta stuff a few weeks ago, I'm still of the belief that this is a typical (!) mid-term election swoon, and in a few months or so these headlines and panic selling will seem like a bunch o nonsense. Still have to get through it, though.

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