I’ve got some good news and some bad news.
The good news is that the current bear market is still in effect and stock prices are dropping. In my masochistic view of the stock market, the longer the market stays down, the more the opportunities for me to buy stocks at significant discounts.
The bad news is [...]
retirement portfolio
403(b) Plan Redux
403(b) Plan Portfolio Update
I moved my entire 403(b) plan portfolio from the safety of a money-market mutual fund and into stock market funds, just before market close today.
I’m still of the opinion that we are closer to a market bottom, than farther from a market bottom. Around 3:30pm (EST), I could see that the market would close near [...]
2007 In Review
While only a point-in-time measurement, for all of 2007, the Dow (^DJI) was up 6.4%, the S&P 500 (^GPSC) rose 3.53% and the Nasdaq composite (^IXIC) was up 9.8%. Small cap stocks (^SML) wound up losing about 1% for the year, and so far, the overall downturn has continued into the new year.
I mention this [...]
Second Quarter Start
If you’re a Bull, then I’m sure you’ve been delighted with the performance of the stock market this past week, and the beginning of the second quarter.
I won’t repost results that you can find elsewhere, but suffice it to say, the market really made a comeback in spite of worsening economic data. Here’s a list [...]