Tuesday, June 16, 2009


That is the S&P 500 index, year to date.

I still think we are in correction mode. If all you care about is the index level, then approximately nothing has happened in 2009. On the other hand, if all you care about is the index level, you probably need some hobbies.

My wife once pointed out that by using the term "correction", I was tacitly agreeing that stock prices were "incorrect" before the correction, and therefore should have gotten out of the way instead of seeing my holdings decline in value. That was kind of annoying.


Day 2 of the NJPGA Pro-Am today. I stunk up the joint yesterday. Time to make some birdies.

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