Tuesday, December 2, 2008
Does A Bear?
Well of course the stock market is driving me crazy, swinging wildly nearly every day, with no particular rhyme or reason. But what's maybe even more insane than the market itself, is seeing headlines like these, a mere sampling from Monday, or very recently:
Dow loses 679.95 as economy, Bernanke revive fear
Stocks fall sharply on consumer spending worries
Dow Plunges 680 Points as Recession Is Declared
Stocks slump as U.S. recession is officially called and signs point to a prolonged slowdown.
Dow falls amid fear over car makers
The Dow falls 679, fear has set in now.
Here's my point: DUH!!!!
What's different today, from yesterday??? Are enough people waking up each day from a year-long slumber to notice something? JFC, people!!! This has been going on for a LONG time!!!
Fully retired for the first time this year, dependent entirely on savings, it's been a little tough. And scary. Not to mention infuriating. I've always been pretty thrifty: my car is nearing 200K miles. Same house for twenty six years, paid off long since. Own one suit which I haven't worn in fifteen years. Travel too little. Never made anything near what most general surgeons make (owing to my career-long loyalty to a large clinic with a larger overhead), despite doing twice as much surgery as the national average. Nor have my investments been greedy or crazy (stayed out of the dot-com boom. And bust. A buy and hold sort of guy). So it's disheartening to have seen half of it disappear.
But it's literally crazogenic to be buffeted by these daily gyrations and to realize that my future is dependent on the whims of idiots, who seem to have no sense of proportion, nor to know what's going on on a daily -- let alone yearly -- basis. If I weren't so old and stupid, I'd go back to work. If the economy didn't suck so bad, maybe I could even find a job.