In this case, one picture is indeed worth a 1,000 words.
Nobody knows what will happen tomorrow, much less 30 days from now, but things aren’t looking good for global stocks in the infamous month of October. As Mark Twain observed, there is nothing special about October; the stock market can swoon, plummet or crater in any month: “October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.”
Maybe stocks will make the jump to hyperspace this month, but if the laws of financial gravity still apply, the market looks like the oh-so-heavy vehicle in this photo:
This may well be a case where a single photo says much more than a mere 1,000 words.
If this recession strikes you as different from previous downturns, you might be interested in my new book An Unconventional Guide to Investing in Troubled Times (print edition) or Kindle ebook format. You can read the ebook on any computer, smart phone, iPad, etc.Click here for links to Kindle apps and Chapter One. The solution in one word: Localism.
Readers forum: DailyJava.net.
My new book is available in both print and ebook formats: An Unconventional Guide to Investing in Troubled Times (print edition) or Kindle ebook format. You can read the ebook now on any computer, smart phone, iPad, etc. Click here for links to Kindle apps and Chapter One.
Order Survival+: Structuring Prosperity for Yourself and the Nation (free bits) (Mobi ebook) (Kindle) or Survival+ The Primer (Kindle) or Weblogs & New Media: Marketing in Crisis (free bits) (Kindle) or from your local bookseller.