Wednesday, March 4, 2009

A Mixed Up Economy

From the Washington Post's Achenblog:

My job is to keep everyone calm. We have nothing to fear but fear itself, plus asteroid impacts, mutant airborne Ebola, runaway robotic sentience, and the Earth being transformed by collider-generated strangelets into an undifferentiated gray goo (to paraphrase FDR).

So I don't worry about the stock market. Buy and hold those stocks is my advice. I will not let my stocks go until they're pried from my cold, dead, frozen-by-poverty fingers. FACT: I still haven't sold the Lucent stock I bought nearly a decade ago. (It dwindled to near-nothingness and transmogrified into something different, a bit like soup abandoned in a remote corner of the fridge.)...MORE