Thursday, August 18, 2011

Another ugly day on Wall Street

Don't look now but the markets are having one of "those" days again. Just a few moments before close the European markets are down over five percent.
As for the Dow, well, it's ugly: the Dow is down just under over four percent. But, hey, its only money. And it's only your retirement, right? So why not go ahead and privatize social security so that on days like today we can experience the joys of investing together?

Speaking of retirement: I spoke to a member of the armed forces last night who is only two years away from retiring, lucky guy. Any move by the Obama administration to privatize the retirement plans of the armed forces would not effect him. But as he told me, a move like this pretty much would make thousands of those currently in the armed forces bolt, immediately.