Americans long looked to appreciation in the value of their homes to secure their place in the middle class and their old age. That's out the window now. It appears the same may be true when it comes to investing in stocks. During the last quarter small investors took $33 billion out of mutual stock funds because they no longer trusted the stock market to help them through tough times — a market whose recent behavior is described in the following verse...
Dead In The Water
Dead in the water the stock market lies,
Not hitting new bottoms, but far from new highs;
Each day that brings forth a new nasty surprise,
Makes hanging around seem less and less wise.
Dead in the water, the stock market lies.
Of late this investing wheel has ground,
Folks into the dirt, without a rebound;
Unless a great rally quite soon comes around,
To creditors I will forever be bound.
Dead in the water, not fiscally sound.
Stocks’ much hyped big paybacks are what I desire,
To fund my kids’ college, escape debt’s deep mire,
Avoid old age penury when I retire,
And leave a large legacy when I expire.
All dead in the water, as markets misfire.
******
©2010 Michael Silverstein |
