We are officially in a bear market. Not fun for someone who is retired and living on savings and investments. Since last October everything has been heading south. My losses are half of that of the general market but a loss is a loss. So today I raised some cash and moved my position more into energy mutual funds. I see no end to the rising oil prices. It is difficult to say "no" to people with whom one wants to be generous.
Thursday, July 3, 2008
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