Well, is it beware of Greeks bearing debt? ... But that is just one factor in a whole huge global economy of factors. And so many of those factors -- not good.
And I guess there was some kind of fluke today, too. The talk I heard in the car on the way home just now (NPR, of course) had to do with a "fat finger trade" where they think somebody hit the wrong key for a sell. Of course, the place where they think it happened is denying it I heard. (I cannot even imagine that could happen. But I do not see why it could not either. Geez. How creepy is that. A "fat finger trade.") And it happened to P&G which plummeted to below 40. It came back though to close at 60.75 down 2.27% from yesterday. (Maybe that was because they sold a lot of Charmin there for a while.)
What to do?
Well, if this continues, I am going to start watching for some dividend payers that I wish I had bought when I tiptoed in about a year ago with some sideline money and picked up a little KFT and JNJ. There were some others that I liked at the time, too, but I did not buy them.
But please remember that I have no idea what I am talking about and I have absolutely no credentials as anything financial and for all anybody knows I could be an English major. And money in the market has to be such an individual comfort zone thing. Like I always say, I never bet the whole farm, just my little stash of butter and egg money.
Boomer, Longtime Fund Manager of the Teeny-Tiny Boomerfund
Last edited by Boomer; 05-06-2010 at 09:49 PM.
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