Friday, October 31, 2008

TGIN: (Thank Goodness it's November)

This via CNN:

"One of the most stomach-churning and fear-inducing months that stock investors have ever experienced comes to a close on [today].

As of Thursday's market close, the S&P 500 had plunged 18.2%, or 204.8 points, for the month.

That's the worst-ever monthly point decline for the S&P, and it's the eighth-worst percentage decline."

But let's look on the bright side. For one thing, the loose-money policies that were put in place this month by most every nation's central bank have kept the world's economy from imploding like a super nova. And, I caddied once for the Dali Lama and he told me "gunga, gunga, la gunga." So I got that going for me...which is nice.

No comments:

Post a Comment