From Abelson in Barron's this week <snip>:
"It was, as Dubya might put it, a heck of a month. But that doesn't quite convey how very distinctive and how awfully bloody it was. Great for ghouls, vampires and short sellers. Bad for just about anyone else with a pulse who happened to own as much as one solitary share of stock.
Of course, if you had invested your dough in a nice little oil well somewhere you probably feel like a million bucks and your net worth must feel even better. Or, if you were one of those dastardly speculators who, sneering all the while at the world's hungry millions, took a flier on wheat, while steering clear of zinc, June was a positively lovely month."
Here's some advice for anyone who might be invested in the ways he mentions: Don't tell anyone, especially not anyone who is a conventional investor. The best thing that will happen, if you do, is that any place that can claim that it's your Alma Mater will come after you for a big donation. I am not sure what the worst is, but you might find yourself marched up to a cash machine with a knife in your ribs. |
