Yesterday the Dow Jones plunged which produced excessive fear and got many in a tizzy. I was about to write a posting on it when Brad Feld beat me to the punch with an article on PEHub titled: “PSA for Entrepreneurs—Ignore the Dow!!”
I agree with Brad’s announcement but for slightly different reasons:
Agreed Brad, but for slightly different reasons. No one should correlate the Dow with the state of the economy. Simply because the stock market is not a free-market system (see my blog) and therefore is not representative of the value of the underlying asset. So get on with life and build great innovation.
Get the article here. We should instead be razor-focused on diminishing our debt, or better jet improving income (rather than taxes).
