Monday, September 29, 2008

A Day To Remember

I lost a crapload today. Anyone who was long the market lost a crapload today too. These things happen... and, sure, I wish I had further trimmed my exposure. Hindsight's 20/20. Today's the worst I've seen ever since I've been involved with the markets. Watching the Nasdaq Composite lose over 9% was a shocker. Pretty sick, if you ask me.

On a different topic... I wasn't active in the markets in 1987, but my parents and others that I talk to were. They mostly tell me... well, these things happen. And, I know it sounds a lot like those "when I was your age, I used to walk 10 miles to school in the middle of a blizzard" stories. However, the fact is they all felt the horrific drop that dwarfs the one we saw today.

Not that any of this really matters... I digress. Tomorrow is another day.

Anyway, I thought I'd close this quick post with some interesting trivia. Of all the S&P 500 companies (500 of them), only one closed up... that honor goes to Campbell's Soup (CPB).