February 17, 2009

Doth This Man Have the Right Sow by the Ear?

After a day like today in the market, voicing optimism feels like, ah, spitting into a strong wind.

The fact remains that insider buying continues robust. Knock on wood that they don't start selling after this major drop in the indices.

Here's another professor with a constructive attitude. Money quote (written just before the meltdown):
Our Venturesome Economy (TM !) has demonstrated a capacity to develop and deploy innovations that sustain our long run prosperity in good times and in bad. Personal computers recall took off in the dark days of the early 1980s. But we mustn’t let the ill-will generated by bad financial innovations lead to policies that harm innovators in the good economy! Clean out the stable, but please keep the horse.
I hope he's right.

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