Tottering

I don't much like to talk about work on this blog, but... this market continues to suck (as if I needed to tell you). There has to be some catalyst out there to turn this thing around. Thankfully my company has been doing pretty well and I'm not worried about my job. But I do have a few friends that have lost their jobs - one whose wife is pregnant. Sheesh.

What a mess. I guess I'll just hang on and keep dollar cost averaging.. right?

While I was in my CFP review course this weekend the instructor - one of the most knowledgeable guys I've ever meet with respect to finance - kept saying "Now try not to laugh through this section" when it came to parts of the study guide going over FNMA, systematic market risk, and general principles of investing that have been up till now gospel. These are interesting times.

The economist in me is fascinated by the pure spectacle of it all. This is truly a pure Keynesian test of jacking up the economy with government spending and a certain degree of tax deductions. The last time the government moved at this scale was right before WWII. Some argue the results were distorted by the war, while others say "You see, it worked." I've always been in the former camp, as if it matters.

So I go on with my daily trainwreck fascination of watching the markets teeter on the brink of collapse. At this pace I'll finish the CFP just in time to manage portfolios consisting mostly of vapors.