Saturday, February 28, 2009

Checking In

The Peplexed Investor is now the absentee investor. The DOW totters on a precipice. Two months ago, I would have been watching every tick. Now, consumed ....a digression.

I almost wrote 'subsumed', and it occurred to me that I really did not know the meaning of that word. Naturally, I looked it up. Looking up words that I don't know is something of a habit. And in looking up subsumed, I found colligate. I found colligate in Wicktionary: To formally link or connect together logically.

I've had to do a good bit of colligating of late, so my rapturous contemplation of the Dow's limbo dance with 7,000 has been interrupted by things of a more mundane nature. It's the mundane, though, that matters, for the market is ultimately a reflection of the mundane.

Now that I'm working long hours again, the market seems like a very distant and foreign thing. But that I had the opportunity to become its intimate (seems like I should insert something about not getting screwed to badly), helps me look at passing data---interest rates, commodities, gold and other sector performance and have a reasonably clear sense of it all.

I often abbreviate Jose Ortega y Gasset's name a JOYG. Reading this lovely book, Meditations on Quixote has brought me much JOY.

He who wishes to teach us a truth should place us in a position to discover it ourselves. (p.67)