Riding the East River and Stock Market Currents
Just popped in with this photo of a snappy pleasure boat on the East River taken on a more serene summer Sunday. This river, like the stock market, can be dangerous to people who fall in or attempt to swim in it. Once in, there are few places to climb out. And the river’s water currents, like stock market movements, can be surprisingly swift, sometimes pushing casual swimmers out to sea.
Similar to fast changing market conditions, the East River’s tidal currents change direction four times daily. To keep you afloat in both river and market, it pays to keep your eye on the ball.
More on the market and retaining your moolah:
Yikes! Well in the case of markets, I’d rather not look at the bouncing ball.
Stay safe and dry.
Aug.28, 2011 | 7:37 pmI think keeping an eye on the ball is good for everything, whether it’s bouncing or not. Come to think of it I just remembered those songs that use to play at movies when I was a wee kid. Lyrics were at the bottom of the screen with a bouncing white ball so that everyone could sing along together. I HATED those things. I thought of those balls as ORDERS to sing.
Update: Deleted “bouncing.” Read it again this morning and it sounded off.
Aug.28, 2011 | 7:48 pmThat’s really funny! I used to be mesmerized by those balls.
As for markets, I just meant that I try not to login to Vanguard every single day and faint when I see my shrinking balance
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Aug.29, 2011 | 5:55 pmIt’s interesting how blogging has brought back all kinds of past tidbits that have been sleeping for ages…
Aug.29, 2011 | 11:13 pm