if you have a stable job and you are buying gold for the long term then everything is just fine. If you are daytrading your brains out and mostly going long for the past couple years then you may want to reexamine what the hell you are doing.
ROFLMAO: Cathy, You have an amazingly accurate insight into human behaviour. If Oscar Wilde had heard that comment he would have said, " I wish I had said that."
I'm tired of all these pessimists too. After all, if you couldn't make about $50,000 in stocks on a great day like this one, you have no business in the markets. It's probably just your bad attitude keeping you from being filthy rich. I hope everyday is like today for the remainder of the year. (sarcasm).
Can someone take a peek on RealMoney and summarize what Kedrosky is saying about the microstructure of markets changing? This might relate to the current topic of why markets suck so much right now. Paul Kedrosky- Program Trading Casts a Pall on Mr. Market The microstructure of markets is changing rapidly, and that has broad implications.
Uh Oh. You said the "S" word. What's the matter with you, you stinking pessimist. You are never supposed to say "sucks." Everything you say is supposed to be like the analysts of the 90s: "Things are great. Jump in, the water's fine."