Thursday, June 3, 2010

Rowen Takes Stock Of Talk Radio

In a commentary about how Sykes et alia seem to only focus on the negative, especially with the stock market, James Rowen offers this sagacious advice:
The truth is that the markets - - interconnected worldwide electronically, and balanced against and intermingled with each other - - are still trying to find their way out of a financial meltdown born of reckless deregulation and greed that started in 2007 and led to the worst economic crisis since 1929.

So there will be volatility. Not a partisan dynamic.

You have to remember that talk radio is part politics, part entertainment/distraction and hardly fact-driven.

So the next time you hear a talker worrying aloud about the Dow-Jones average - - keep an open mind and consider the exact opposite from what you're hearing.

And if they are bemoaning falling prices, or touting gold, maybe it's a buying opportunity in stocks.

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