Warren Buffett gives reasonable, and frankly obvious, advice. Too bad it only applies to people who have enough money saved up (and coming in) that they don’t have to worry about how to survive over the next couple of months.
Bad news for the markets is good news for Obama; although I have to say, the more I read about his economic policies, the more I hope that he’s just a really charismatic liar.(And why I wouldn’t have a problem with that as long as he’s not stupid as well is a whole other post.
And speaking about the election and Obama raising taxes on the rich: how can you explain this?
The Bush administration, having entered office as social conservatives, leaves office as conservative socialists, proprietors of the most sudden large expansion of the state’s role in the US economy since mobilisation for the second world war.
Oh, and of course: Sensex dips below 10K.