Wednesday, October 29, 2008

In the 6 days prior to yesterday my stock had lost $13.41 per share. In the past two days so far it's up $12.25. Did we do something spectacularly bad last week and something spectacularly good this week? No. The crazy market just continues to swing wildly in opposing directions.

I hope that it will level out soon, though I have no expectation of that. My solution is to reinstate the short sell up-tick rule, regulate the crap out of hedge funds, and reinstate the 1933 law that bans investment banks from owning "regular" banking institutions. If those things are done, then normalcy will return to the market. Otherwise, it's like the freaking wild west out there.

No comments: