Thursday, October 9, 2008

Market trends

I used to have this sort of vague idea that I would let my son pick a stock and buy a few shares of it as a way of providing a lesson in economics and finance. I just checked, and in his lifetime the S&P 500 is now up a mere 1.1%. That's worse than my interest-bearing checking account's 0.1% APR. But more of you reading this blog know Isa. In her lifetime? Down 16.2%.

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2 Comments:

Blogger Bernie said...

john predicts that tomorrow Bush will close the market if it keeps sliding.

October 9, 2008 11:06 PM  
Blogger frank b. said...

The market's still open - and Keenan's 1.1% lifetime return is history.

October 10, 2008 10:45 AM  

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