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Sell Now, Regret It Later

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Yeah, the Dow Jones industrial average closed down 128.11 points yesterday -- coulda been a lot worse. Today's already not looking much better, but in today's Los Angeles Times, Don Hodges of the Maple Avenue-based Hodges Fund says the sellers are making a big mistake. As in: "I can tell you after being in this business for 48 years that every time I've ever seen that it's been a mistake. On 9/11 or in 1987, people who jumped out after the market had been bad for a while came to regret it." This applies only to those invested in more than comic books, baseball cards and action figures, which leaves us out completely. --Robert Wilonsky

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

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Join the Observer community and help support independent local journalism in Dallas.


Join the Observer community and help support independent local journalism in Dallas.