Really, that's a pretty good question. By "good", I mean it's a question that reveals to me how much I love things to be certain and sure! There is also my bias against wasteful meaningless activity. Also, I would like "the system" to be rigged in favor of the good of the enterprise "humanity" as a whole. And I have hotly contested the suggestion that my activities in the market were "gambling"
Well, ho, ho to all that. After the US elections, the indices roared up with what looked to me like a vote of approval from the "investing class" (whoever they are, given the low volumes that were trading all through the fall.) I think they must be all those clever young men employed by banks, hedge funds, etc. They graduated with my son and went into "financial engineering", thus being lost to any worthwhile endeavors, at least for a decade. They program computers to do the trading, and the profits are best when there is volatility...great for day trading, good bye investment. I don't approve.
Then the indices all fell back to where they had been before the election, and THEN they resumed the upward movement that has been going on all fall. Now they are hovering at new highs, maybe reflecting the consensus that 2011 will be a better year for the companies than 2011 was. For sure the interests of the professional investors have nothing much to do with any interest in the "real economy" where people make things and do things that other people need or can use. It seems unlikely that there will be much growth in employment. It seems likely that the American dollar will fall.
I don't like gold in spite of the way it has been going up (it did crash today) I do like uranium and alternative energy (solar, geothermal, wind). I do like China in spite of the way it is dealing with such toads as Robert Mugabe. Like, not like, invest, gamble...hello 2011! I call this "the private investor's puzzle"....but maybe it is the "local gambler's conundrum". My accounts are up.
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