Thursday, August 04, 2011


Somehow I feel comforted about today's market. Not the tons of money lost. Rather, this is what I would expect from the market with the conditions we have. It's the most honest market reaction in a couple of years. Instead of having a crummy market all day - then they prop it up an hour before closing to make the final numbers not look so bad.

They all know that most people don't watch the daily stuff. Just the final numbers. If it closes flat, people don't get shitty until their 401k statement arrives and they realize their money has been trickling out all along.

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