A candle in a monsoon
Let's play pretend. I would love to imagine that the Dow Jones was still at 14000, its all-time high of October, 2007...instead of breaking 8000 on Friday. I'd like NOT to worry about how much money on paper has been lost from my children's trust, and our 401ks. Only problem is, playing pretend might have been one of the contributors that got us into this.
Following this market is fascinating to me. I am a daughter of an ex-day trader, a wife of a banker and I have been bed-ridden for the past two months with my eyes glued on CNBC, Bloomberg, my computer trading screens and so on. Obsession would be a slight understatement.
The jargon alone could throw the general masses into brain-numbing confusion. "Libor" sounds like something that is going to jump out of the cold waters off Iceland and swallow an island whole. "Naked-shorts" sends my mind to the barely covered perky bottoms of teenagers at our high school football games, and merely keeping up on which bank is solvent, over leveraged or acquiring who is paralyzing. All of the factors are stumping the expert economists; there is no question it’s almost impossible to figure out what this means for me...my groceries, car payments, job security, and college funds!











