Tuesday, February 14, 2012

No Quick Fixes for US Economy


Sometimes I really wonder if no small part of the reason why the economy is in the state it is in, is that most people really are not able to think very long term. Then again, that is very true with the politicians right in this economy, who are looking for the latest quick fix, to patch their approval ratings, to drag them right to the next election. It is much like a buggy computer program where a couple of patches will fix one problem and bring like to another problem.

Investing in the stock market is something that leads to some people being extremely fickle and it is often one step forward, three steps back. Immediately the moment things keep going up, people celebrate, but the slightest crack and stock volume tends to go down. It seems like it is an uphill battle for the stock market. Granted a huge spike would be disastrous, but a steady climb is what is necessary.

But a steady climb has a few slips along the road. And people just decide to jump back down and stop the mission before it is completed.  Invest, pull out, invest, but it is a long term project to really make money but people do not have the patience for it.

Stock Market Report 2/14/12

Slight up today, on Dow and NASDAQ, with a last minute rally.

Dow Jones: 12,878.81(+4.77)
NASDAQ: 2,931.83(+0.44)
S and P 500: 1350.51(-1.26)

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