Liberal Talk Radio

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.