August 05, 2011

Prescient

On July 14, 2011, fearful of the Tea Party's insistence of "no retreat, no surrender" vis a vis increased taxes, I pulled my 401K out of the stock market, and wrote:
The Dow is at 12,491.61, the NASDAQ is at 2,796.92. Let's see where things are 2-3 weeks from now...

So they came to a pretty crappy resolution to debt ceiling crisis, and as of today, the Dow is at 11,383.68 (down 8.8%), the NASDAQ is at 2,556.39 (down 8.6%).

2 comments:

DevlinMiles said...

Yes, something wicked this way comes! Hang on it's going to be a bumpy road.

Jim O'Brien said...

So - when do you get back in?