I have a family who thinks I'm nuts. What they are griping about is my fixation with the stock market. You see, I have a daughter who's with the Alan Greenspan office, a son who's an accountant, and wife from a lineage in banking. What they have done recently is to move funds out of stocks and into bonds. The rationale? "Look at what the stock market has been doing, or not doing."
Okay, for them. I don't buy it. I think they are running on emotion--too afraid of these short-term losses that they can't see the forest for the trees. (Should start a good fight when this column is published.)
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