The economy: why am I optimistic?
The global economy has collapsed, the stock market is decimated, we are all going to lose our jobs, and the sky is falling! Oddly, none of the recent economic turmoil has scared me. In fact, when stocks bottomed out (presumably) a couple of weeks ago, I started buying shares. I’m not Warren Buffett, but I now own a couple hundred shares of GM, and twenty-some shares each of Apple, Microsoft, and RIM.
Am I crazy? I’m hearing of people selling their houses and buying gold, stocking up on tinned goods and toilet paper, and most of all desperately trying to convert any equity investments they have into or some kind of guaranteed investment. There must be something wrong with me that I keep feeling this strange compulsion to go buy more stock…