The Corner

Please Let Me Know When The “Bobbing” Begins


What I’m looking at is not the day-to-day gyrations of the stock market, but the long-term ability for the United States and the entire world economy to regain its footing. And, you know, the stock market is sort of like a tracking poll in politics. You know, it bobs up and down day to day. And if you spend all your time worrying about that, then you’re probably going to get the long-term strategy wrong.

Because from where I’m sitting, it’s just going down. Freefall and bobbing: not the same thing. Though Freefall and Bobbing does sound like a great crime-fighting team.