Some addictions are harder to conquer than others

And America is facing two tough ones. First, there’s our preference to drink oil by the gallons. We are embarrassingly belligerent when it looks like we should break this one. Next, there’s our addiction to consumption in general. Folks, we have a problem.

Today we learned that our economy is growing, but growing slowly. Not good enough the press says. Desperate times, the liberals proclaim. Since a recession isn’t actually happening, let’s just talk America into the toilet by proclaiming it the worst economy ever.

It’s really getting old. I fully believe it’s time for a little self reliance – and maybe some duct tape. Stop whimpering about a papercut, America. (Wait, didn’t someone already say that?)

While we’re at it, let’s look at the Dow Jones. Yep, we’re in a bear market. Yep, it’s possible to make money in a bear market. Nope, the sky is not falling. I’ve included a chart below (via, my favorite charting site) that shows the DJIA for the last 10 years.


The Dow at 10,500 is icky, below 10,000 is scary, and I don’t think we’d pull back below 7,000 (don’t pass out) – but I’m not worried. I’m betting on 10,000 as a bottom based on the third chart.

By the way, if you take investment advice from a housewife with a laptop (sorry, no Oreos involved), you’re a little silly.


The Walgreen’s ruling is going to have to wait until tomorrow. It’s gazpacho, cheese, and bread for dinner, then I’m playing the rest of the evening.


  1. Kathryn says:

    I heard a commentator yesterday say the oil market is up because people are pulling money out of stocks and need to park it somewhere. He claimed an oil bubble.

  2. No, I think it has more to do with speculating on inflation and commodities. That coupled with an increase in demand and what was thought to be a fixed supply would send prices up.

    Oil was down today – the comments were an aggressive stance towards domestic drilling shifted prices.

    There may be a bubble, but I don’t think it will be as significant as housing or tech a few years ago. Worldwide demand is simply too strong.

  3. There may be other addictions like unrealistic expectations or a national immaturity. Always expecting things to go up and never down whether it is the stock market, real estate, etc. Overreactions to the same. Things are going down and will never go back up. Vice versa. Things are going up and will never go down. Should I mention not taking action after the oil embargoes of 1973?

  4. The markets don’t support ‘taking action’ over the long haul. When energy prices went down, the market incentive went away.

    It seems to me that our society has come to look at the market system as some sort of moral compass, as if it were intrinsically “good.” We might be better off if we went back to looking at it as simply the way things work (like Newton’s laws) and factoring it into our decisions instead of deferring decisions to market forces.