Thursday, May 6, 2010

Virtual Money

Today's 1000 point intraday drop of the Dow Jones Average will be talked about for years to come. I was watching it real time online at 2:18pm and recording in my financial journal. By 2:47pm it was down 998. The close was down 348 or 3.2%.

So did you lose money? - NO. That is the funny thing about unrealized gains or losses - they are virtual money. Yet our emotions kick in - we feel emotion in this virtual world of volatility. I will be interested in tomorrow's reaction after an evening of thought and analysis.

Accenture hit the news with trades as low as $0.01. That kind of value could even get my blood pressure up :)

I guess the adage - "Sell in May and walk away" fits todays market.

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