A Financial Blog: The Curious Capitalist
Justin Fox, aside from being a Time magazine columnist, is the author of a book, The Myth of the Rational Market; A History of Risk, Reward, and Delusion on Wall Street. An excerpt appeared in the magazine in June.
As the only child of working parents who survived the Great Depression, they advised that even though the Stock Market had suffered the 1929 disaster, investing in Wall Street was still a sound idea. I wonder how they would have felt and reacted to events of late 2008.
I've heard financial pundits repeat once again the W theory that visually describes which way our markets will continue to be shaped, before stabilization returns. In other words, perhaps I should forget about looking at online 401k statements once again instead of just filing them away unopened until the last leg of that W lands. I can hope, though, for a V configuration instead.
But I digress, as they say. Here's a link to Justin Fox's contributions to Time's blog, The Curious Capitalist.