It’s been a dark year for equity investors, and everyone is stressed, so I’m going to lighten things up a bit and give you a little commentary in verse. I wrote this the other day for our free email newsletter, Cabot Wealth Advisory. I hope you enjoy it.
When people recall the bad year of ‘08
It’s doubtful the word that pops up will be “Great!”
Investors endured a historical mauling–
Economies slumped and the bear came a’calling–
As bankruptcies, scandals and loss heaped their plate.
Now Lehman’s a lemon, a bear ate Bear Stearns!
Detroit’s on the brink as its cash reserve burns!
The Fed is distributing money for free
(For big institutions, but not you and me)
It’s a soap opera called “As the Market World Turns!”
In a year that made most investors feel cursed
The month of October was truly the worst
The Dow and the S&P indexes plunged
And billions in value were quickly expunged
We all were depressed and had wounds to be nursed
We put in a bottom and prayed it would hold
Not wanting to be all in cash (or in gold)
And then we found out just what Madoff was made of
And markets had something else to be afraid of
At times like this, it makes no sense to be bold!
At Cabot, the holiday season draws nigh
We look at our charts and we give a great sigh
We’ve given our readers the soundest advice
But wish that the bull would return in a trice
And finish the year with a resounding high!
If that doesn’t happen (and frankly we doubt it)
We’ll all keep on hoping and when we can shout it
We’ll happily welcome the bull back to town
As markets show they can go up, not just down,
That’s tops on our Wish List, let nobody doubt it.
The year’s longest night is just three days away
We wish you and yours a first-rate holiday.
As days become longer and markets grow healthy
We’ll work to help you become savvy (and wealthy)
And hope you enjoy our CWA!
Editor’s Note: Paul Goodwin was on CNBC the other day and if you’d like to watch the video, it’s available on our Web site.
Follow us
1 response so far ↓
1 suzy orman // Dec 21, 2008 at 6:15 pm
I think the Fed’s goal should be a 3% inflation rate. Paying interest on reserves and encouraging banks to hoard them is inconsistent with that objective, as would be a new trillion dollars in money creation.
Leave a Comment