Riding the roller coaster

Finally, my life strategy of being too poor to have any investments is paying off. What’s the problem? Well, lots of things, apparently: Weak U.S. economic data has not helped matters today. December retail sales dipped 0.1% in December. Manufacturing in the New York region came in much weaker-than-expected in January and industrial production for… Continue reading Riding the roller coaster

Gluttons for punishment

The Dow Jones Industrial Average dropped about a thousand points in the first five minutes of trading today. It’s recovered substantially at this point (about 10:45 east coast time) and is down around 650 points for the day so far. The S&P 500 is down almost 50 points and the NASDAQ is down about 115… Continue reading Gluttons for punishment