Pursuit of Truthiness

my gut tells me I know economics

Rock Bottom

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It’s real hard to know exactly when we hit rock bottom, but after enough free-fall its a pretty safe bet that the big splat is near.  If you’re in to speculation, now seems like a great time to get into commodity and currency markets; say, buying some oil futures high and holding Icelandic kronas.

For some speculation safe enough to resemble investing more than gambling, the major stock indices are hard to beat.  Every time the Dow has fallen this far this fast, it was way up within a year; the only exception is the Great Depression, and even then it was back within 5 years.  I might even bet on this one with my own money.  That, or buy most of Iceland.

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Written by James Bailey

October 26, 2008 at 11:00 pm

Posted in Finance, human nature

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