Posted by Matski on March 14th, 2007
Dow fell below 12,000 today for the first time since November.
Not to toot my own horn, but in October I wrote:
I’m pretty nonplussed by this whole Dow-on-a-rocket thing … for the record, as I ignore the self-congratulatory headlines of the financial press this AM, I tell you that I’ve moved about 20% of my retirement accounts to money markets and bond funds until this thing stabilizes.
Guess I shouldn’t celebrate the fact that so much wealth, albeit paper wealth, has been wiped out in the past few weeks. (Especially since yours truly has personally lost roughly 25% my [admittedly, small] net worth.)
Still, it’s nice to be right.
Filed under: Big Business, The Economy, Stupid
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