Tuesday, September 9, 2008

Market Figures It Out

Lots of folks were thoroughly disappointed in the market yesterday.

Everything opened up big, then everything except the banks sold off some. The NASDAQ was actually down intraday at one point. In the end, the stock that will benefit most and soonest from a better housing market did well, everything else didn't do a lot.

Under performing on a big up day is not a nice feeling. It's like not being invited to one of the best parties of the year. If you own Apple and Google, which were both down on the day, you might not have made any money at all. Investing is a long term game. Hang in there.

The futures are strong again and oil is down a little. Hurricane Ike might miss the oil complex in the Gulf. Not a bad start.

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