"History is a wonderful thing, if only it was true"

Sunday, March 08, 2009

Markets don't matter

Advise for pensioners, and those with 401K or other retirement plans ... those who view their portfolios as 201K's should ignore their statements.

Don't worry, be happy

Stocks Should Matter to Obama - WSJ.com:
"Presidents usually pretend they don't pay much attention to such stock-market gyrations. If it's been said once from a White House podium, it's been said a thousand times: 'Markets rise, markets fall. We worry about the fundamentals of the economy instead.'

President Barack Obama gave his own version of that response this week, declaring in response to a reporter's question: 'You know, the stock market is sort of like a tracking poll in politics. It bobs up and down day to day, and if you spend all your time worrying about that, then you're probably going to get the long-term strategy wrong.'"

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