I used to have a Dilbert strip from the '90s where Saint Dogbert explained to everyone that Jesus was returning in 2000 because "God likes big round numbers." Between the recent 300 million people tomfoolery and the Dow hitting 12000 today, I'm getting the feeling that at least the media likes arbitrary big round numbers.
Oh and by the way, the Dow hitting 12k does not mean now is a great time to get into the market. It means that a year ago was a great time to get in the market. Tomorrow might be a great time to get into the market too. All those stock analysts are real happy about the current milestone, but they're also looking at their portfolios wondering if now is a good time to sell. Keep that in mind and don't buy until the decline stops. When it does, I recommend investing in any companies involved with healthcare and helping old people because the Baby Boomers make those into sure bets.
Wednesday, October 18, 2006
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