Hosting datacenter move

My hosting company did a great job of minimizing downtime considering the massive move they undertook, thanks to them.

Earning Power update

Unfortunately there have been a few hitches in the release of Earning Power.  The main one is editing, it is massive as far as ebooks go: I believe if you are going to sell an ebook, it should be as big or bigger than a book.  So there are a few things being ironed out, but it is coming soon, I promise.

Stock Market Observations

Over the last couple months the stock market has been ridiculous. To say it has been a roller coaster ride is somewhat of an understatement, its been more like a piston. Up, down, up down. Every time it seemed things were going to sink there were some great rallies. The bad news is that this is not the end of our troubles.

One major problem is that although it is true a lot of the “worst” subprime loans have come due there are some lurking dirty secrets in the mortgage industry. A worse thing is that subprime loans were divided up and sold as “good” “kinda bad” and “bad”. So really, we have loans that are bad, really bad, super bad, “oh Lord help us” bad, and “interest on interest” bad loans.

On the other side, it is not a time for panic. At some point things will go down, but this will not be some epic unrecoverable crash. Yes you should keep investing, yes you should keep contributing to your 401k and no you shouldn’t renovate that concrete bunker from 1999.

The real story here is temper your expecations. Things have been up and down and they will probably go down some, but don’t get too excited either way. A rally does not mean all is well, the market can rally on bizzare things. For example Elliot Spitzer caused a lot of wall streeters to dance with joy and break out scotch and cigars a few weeks ago but in the long run it means nothing about our economic conditions. A drop doesn’t mean the end is near. Remember, let the day traders worry about the short term, while you and I worry about being rich long term.

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