New Orleans was spared a catastrophy. Now all they have to fear is all the toxic sewage floating through their neighborhoods. And like I said, timing the downward path of the market according to the news is impossible. Who would have imagined that with futures down 75 points the night before that the Dow would rebound and gain 65 points? However I will go out on a limb and guess that the Dow will go down tomorrow.
The older I get the more I realize all that I do not know much about anything. I've heard other older people say this and I am finding that it is true. When you are younger you figure out the intracacies of something and you think you're an expert. This gives you confidence. But the more life experience you get, the more you see that things change. What you used to know is no longer valid and you haven't taken the time to learn the new intracacies of the thing you once knew so well. You also find that it doesn't really matter because even though you have no idea what's around the corner it somehow it all works out (or you're dead and the result is the same). About all I can do in life is say, I've seen something like this before and this was the result. Life tends to repeat itself and form patterns. We humans are really good at recognizing patterns. Patterns are not 100% however and neither is our ability to recognize them. If you apply this idea to the stock market you'll begin to look at price fluctuation the way I do. This idea flies in the face of The Random Walk Down Wall Street theory, which thinks that patterns are bullshit. Which idea is right? It's a philosophy of life really.
"Catastrophy?" Are you fucking kidding me? Stick to subjects of three letters or less, like "DOW" and "flu." Or at least use a spell check.
