Monday, November 26, 2007
The Markets are Not Bad!
I'm really tired of the media trying to make it out as if the market is in horrible shape. Every time I turn on CNBC, there is some expert talking about doom and gloom in the markets. Now there is no doubt that certain parts of the market are bad, particularly the financial sector. My own long-term portfolio has taken a beating since I own ETFC as well as some energy stocks which have done poorly as of late, but please stop trying to paint the market as bad. The S&P 500 is positive for the year by a few percentage points. Come talk to me when we are negative for the year. Despite what the "chicken" is saying above, the sky is not falling. The way my portfolio is structured, I've been waiting for the sky to fall, but thus far, it is still up there.