Monday, February 08, 2010
Up In Smoke: One Third of the Gains Since the Start of 2009
It may be hard to belive, but 35% of the S&P 500's gains since the start of 2009 have now been erased over a span of less than 14 trading days. After gaining 247 points in 2009 and the first two and a half weeks of 2010, the S&P 500 has dropped 86 points since its January 19th peak of 1,150.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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