The market crashed or something yesterday.... or so I heard.
It really is amazing how far I've gotten away from paying attention to public markets. I'm a finance guy by background, and when I was in college, I rode the boom and bust like everyone else.
But, when I graduated in 2001 and took a job in the private equity group at GM, I started to get away from it... focusing more on pricing multiples when we were doing buyouts than anything else. By the time I got to an early stage VC firm, what the public market did from day to day was just a distant memory.
Now that I'm on the product side... who knows. I just toss the max amount allowable (hey, its pretax, why wouldn't you?) into my 401k, set it and forget it. I don't really believe I can "beat the markets" so I allocate based on risk tolerance. I guess as a homeowner I'm investing more in Bay Ridge, Brooklyn real estate than anything else at the moment.
Following the public market, to me, is a fulltime job, and I just don't have the time anymore. I pop on TraderMike every now and then just to see what he's up to, but man, that's a lot to keep up with. Not for me, not anymore. Sorry markets... I'm on autopilot.