Wednesday, October 15, 2008


I guess there was a time when I was young and foolish when I could imagine the idea of a 500 point move in the Dow Jones Industrial average being no big deal. I may have thought that for that to happen the Dow would have had to be at 30,000. When I got into the business, the Dow was at 2,800 or so.

If you owned stocks on Monday, good for you. If you bought stocks on Monday, proceed with caution. This mess is not cleaned up yet.

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