Tuesday, October 23, 2007
We've seen this before
The raging wildfires across Southern California have occurred many times before, and will undoubtedly occur again in the future. It reminds me of the corrections that we have in the stock market from time to time. We've seen them before and they will occur again, and again, and again. LA Times sums it up nicely here. I find much in our daily lives is imitated by the stock market, or does the stock market mimic our daily existence? Either way, there are lessons to be learned, and although knowledge of history can be helpful, it can only be used as a road map, and not as a concise guide as to what might happen next. Good luck.
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