Sunday, August 14, 2011

Time to Panic? Just the Opposite

Love the title and content of this piece in WSJ today by Dave Kansas. Indeed, while the stock market is about 10% off recent highs, it is about 70% higher than the March 2009 lows. The answer to the constant media admonition of "what should you do today?" is a resounding "the same thing you did yesterday, which is invest for some purpose in the future".