Wednesday, January 23, 2008

The Market Astounds

Stock market writers are going to have to figure out what happened today. I pity them, because I for one haven't the foggiest idea.

All I can say is that I've never seen anything like it.

But I do want to take this opportunity to clap myself on the back, because I made what is probably the only well-time trade in my life. Early this afternoon I bought fifty index Spiders (the S&P 500 index product) for my self-managed IRA at $127.69, and they closed at $133.79. Hey, if I repeat this 10,000 times I could make a living at this!

© 2007 Gary Weiss. All rights reserved.

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