Abigail with attitude: Bernanke’s put is the grandaddy of all puts

I’m surprised that retail investors ever went near the stock market again. But they did: only to be pummelled once more in further market plunges during 2002 and 2008. Perhaps we should recognize equity investing for what it is: Russian roulette for the affluent.

I jest slightly. But one must remember that none of us has a crystal ball and it is probably wise to bear in mind Warren Buffett’s wonderful adage: “Be fearful when others are greedy and greedy when others are fearful.