Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
This may be the worst market disaster to ever have a date attached to it. And I get a dozen emails a day imploring me to load up on stock, and don't let the naysayers blow up my plan. One gnome went as far as to say Sequestration would BOOST the market, because other countries would see how serious we were about controlling our costs. Not the new credit downgrade the ratings services already have teed up on their distribution out basket.

I would be cheerfully happy to be 100% wrong and have this nightmare pass without a ripple. I suggest institutionalization for anybody who bet actual money on that outcome. Or much, anyway.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement