Mr. Market’s got the blues

Yep, time for another little (we hope) correction in the market. The DJI was down $168.32 today alone, and it was down every day this week except Tuesday.  The low, lower, lowest unemployment reports, like this one in the WSJ, aren’t helping. Analysts are surprised, naturally. As surprised as they are about lower revenue and/or earnings reports coming in.

Like generals everywhere, analysts are always expecting yesterday’s results to repeat today. And they DO! Most of the time, except when they don’t.

Commodities today were mixed.  Gold closed up about $6 to $1642.10/oz; silver is up $0.27 to $30.34/oz. The good news is that oil also closed below $100/bbl to $98.60.

And now for the monkey portfolio, the MPI. Down, but still up way more than the great IFO’s own portfolio. We shoulda listened to the monkeys!

Model Portfolio

Symbol Price Change
32.25 -0.31 -0.95%
33.03 -0.36 -1.08%
44.44 -0.95 -2.09%
79.48 -1.43 -1.77%
105.67 -1.53 -1.43%
Total (USD) $5,897.40 -91.60  -1.53%
Cumulative                               $835.40 16.50%
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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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