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Re: [Pen-l] hard times even for those with jobs
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] hard times even for those with jobs
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Sat, 13 Jun 2009 10:15:51 -0700
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Carrol Cox wrote:
> Does anyone have any comments on the reasons that (despite all this) the
> stock market seems to be doing fairly well just now?
the stock market is irrational, basically a gambling game in the
short run (even thought there's a positive return from holding a
diversified portfolio over a long period).
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your
own way and let people talk.) -- Karl, paraphrasing Dante.
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