First of all my brother Bob, who is known to friends and enemies as The Big Bopper, is having his birthday today. He will 94 years young! Just kidding. He is approaching 60 though.
In addition, yesterday was the bottom of the Bear market, the Dow closed around 6500. One year ago today the latest Bull market began. Todays Dow is almost 10,600. Not close to the high water mark of over 14,000 but certainly better than it was.
Don't expect the stock market to rise straight up. It is always go up. It doesn't. I was taught earl in my career to think of the stock market as a series of temporary declines followed by permanent gains. In the investment world any time you say something like that you have to have a disclaimer so here it is .... past performance is no guarantee of future returns!
So Big Bopper enjoy your day and we'll see you this time next week at the NCAA Wrestling tournament!
1 comment:
I like your blog Jeff! Check mine out at lisadgreene.blogspot.com. Don't know what it's gonna be about yet, but I am thinking...
-Lisa G.
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