Thursday, July 10, 2008

Toughing It Out


Obviously this is a very tough time for equity investors.

June quarter earnings announcements have started without much fanfare and the financials continue to deal with headwinds. The Presidential race is very frustrating if you're a fiscal conservative.

I have a eerie feeling that none of this news matters much. I'm not sure whether something big and bad is coming or if we just need more time to figure out how big a hole we're in.

I'm off to a golf tournament. I'm sure a day away from the market won't hurt.

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