esrosedotblog

UNWINDING

Today's stocks continued the fall this week.

I have read that this is quite common after a long runup after a recession or still in it.

The market is the first institution to recover but runs into fear and doubt along the way and gets to be very volatile.

This is the worst week in five months. They say. I have not fact checked. I will take their word for it.

The given reason is that Obama has signaled strong regulation of banks but that is not enough to push the entire market down. People are spooked.

In fact, Obama's proposals would strengthen the system and aid consumers including those of us who hold pretty big swaths of blue chip stocks.

What is more, I have to remember that this is just paper money. I do not plan to cash in so the numbers are irrelevant to me today. I may never cash in. Until I cash in, of course. Then it is someone elses problem.

Labels: Administration Obama, market