"It's Gotta Go Up!"

I was listening to the radio on the way home from work, and the economic powerhouse known as Sportstalk came on as I was pulling onto my street. This show isn't exactly my cup of tea but I left it on because I was almost home & didn't care. The Sportscaster lead off by saying something about working until he was 79 years old, and they mentioned the DJIA was down another 700 to 8500 (approximately). Then the two economic geniuses started going back and forth like parrots saying "It's gotta go up" as if it would help.

Why?

Why does it have to go back up?

You know sometimes economies fail and don't recover. I don't think that's going to happen in this case, but there is nothing to say that it has to start going up tomorrow, or next week or next month.

Especially when you have double the normal volume of trading on GM and it falls 27% in an hour, and the SEC refuses to tell us who it was that shorted it and busted out GM.

Follow the money on that one. If you can. We'll see. Michael Savage thinks maybe someone should go to jail for what happened to GM today. Don't hold your breath Doctor.

Folks, if you dollar cost average on the way down you will come out ahead on the way up. If you pull out as it goes down, you are making it go down harder AND your dollars won't buy as much if you wait too long when it goes up.

Hang in there and keep living your normal life.

Remember: YOU and ME IS the economy in America and around the world. If we keep buying what we used to (= prosperous economy), or even if we only keep buying what we can afford (=mild to moderate recession), we'll all probably be OK.