One of the most ridiculous theories ever set forth by the mind of deluded mankind has been that the market is a perfect digester of information, and that share prices at any given time reflect what the market knows at that time. For those of you who don't follow the market, this theory has been widespread: I am not making this up.

The true theory is the panicy bovine theory.

-- Anonymous, July 29, 2002

Answers

My dad watches it very closely. As long as he's okay, I don't worry about it.

I don't have any market investments right now, but SO's 401k has been going haywire lately. We try not to watch that too closely because it just makes for an upset stomach or worse.

-- Anonymous, July 29, 2002

I didn't have much left after I settled my father's estate, but I put it into a money market account at a solid, local bank. About every week, I get a call from my "personal" banker about setting up an appointment to see their investiment guy.

At the moment, I'm perfectly happy to leave it in a money market account. In a couple of months, I'll start seeing how things like T- Bills and such are doing. . . .

-- Anonymous, July 29, 2002

And the Dow closed around 330. The market's movement is confounding all the prognosticators, which is always fun to watch. We have an IA, which I'm afraid to check on, and a tiny 401(k) which needs to be rolled over into the IRA. We've got some stocks from the firm before last (the first lay-off) which we've hung on to because we don't know quite what to do with them. And we have a very small amount in traditional US savings bonds. If Sweetie has to retire tomorrow, we're screwed. If we ever get anything in the savings account again, I think I'd like to buy some EE bonds.

-- Anonymous, July 29, 2002