esrosedotblog

ROLLER COA$TER

The stock market has been doing one of those tummy turning up and down things over the last couple of weeks.

For someone whose occupation is 'nest egg keeper', this can be a bit trying.

It would be a lot more trying if I was only in stocks and if I managed my own portfolio.

But I am not and I do not.

I am spread, as they say, and the portfolio is managed by real people for a flat fee. No commissions.

They do pretty well.

I have managed to continually withdraw a good living from my savings with them remaining more or less constant.

The ever-full granary.

And I have been through more turbulent times than this.

But this is the one I am watching now. Hence. Well, 'hence' not much.

I don't get all twisted about it anymore.

Last week I took a paper loss equivalent to half a year of retirement living. This week I got a lot of it back.

I only look at the results once a week.

Today it is up and down.

I told those silly ass bastards not to give high risk mortgages but do you think that they would listen?

I have friends who were flipping houses. I sort of told them too.

Now the rest of us are going to get our asses kicked because of a few greedy bastards.

Such is the ecological balance of the economy.

But, I have come to believe that what goes down must come up as what goes up must come down.

The theory of cycles. Unremitting cycles.

Hey. Look at this!

Labels: ecology, economy