The first verse of a new investing year should always be upbeat—even if a lot of the news about the economy these days is anything but. With that thought in mind....
Good Times A’Coming
‘We’re heading for trouble,’ my newspapers said,
‘The economy’s stuck in the mud;
You’d best have your money tucked under the bed
‘Cause it’s all coming down with a thud.’
Oh sure, I can see why they wrote it like that,
I follow quite closely the market;
But my thinking ‘bout money as New Year bows in,
Is I’d rather invest it than park it.
I know the EU and Japan are a mess,
And Iraq is all set to explode;
I know unemployment’s a cause for concern,
So why should I boost my stock load?
A wise old Wall Streeter confided in me
When I was first paying my dues:
"If you buy all your stocks when the market’s near top,
You’re really quite certain to lose.
"The fishing is best when the bottom you trawl,
Bargains are spawned under pressure;
When others pack gear and flee back to the shore,
That’s when you find deep sunken treasure."
Let shaky investors beat a retreat
‘Cause they fear bigger troubles are brewing;
I’ll put my own faith in the market’s elite,
And pray they know what they are doing.
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