Friday, July 14, 2006

Famous Last Words

Driving back from Florida on Wednesday, my brother brought up the possibility of moving some of our mutual investments out of stocks and into something safer.

I replied, "Unless something blows up, I think the markets stabilized. The price of oil has probably topped out. The only way we lose is if it starts creeping back up. I think we should leave it where it is and we'll be all right."

Crude oil rises above $78 per barrel.

Dow loses 400 in three days.

Free investment advice is now available from griftdrift is an idiot, inc.

1 comment:

Anonymous said...

While dining out here in Houston, it is not uncommon to see tables of executives toasting "to $100 barrel!" Sorry.