Today in the economy

[CGM]

So Sheep, if you want to learn more about economics, why not just take a college course or two?

I plan on it, my plate is full for the time being, I've been working 50-60 hours a week and I'm taking two programming classes already. Economics is a hobby for now, it seems to be more and more the topic of conversation. I guess it's about time I get a little edumucated.


CGM, thanks for the link, I already have an investing strategy deployed, and I gained 1% last year, doesn't sound like much, but compared to the 40% lost in the S&P I feel pretty confident that it is a functional strategy in bull and bear markets. And yes part of it has been buying down broad based ETF's which are really cheap especially today, with my time horizon being about 20 years, I can't pass up this sale.

I'd say +1% is great in these conditions. I know my father, who is a 40 year verteran of playing the markets and knows his stuff, took an absolute pounding because it has always been his strategy to more or less ride things out and not panic when things get bad fo a while.

Sounds like you are not really a beginner then. Motley Fool has some more advanced stuff on stock valuation that might interest you.