Equity Agnosticism

Business journalist Daniel Akst isn't getting back into the market:

Everybody knows that the investment decisions of the average doofus like me are a reliable contrarian indicator, so start shopping for stocks, because the point of this particular post is, as the headline has it, that I'm not buyin'...I can't figure out what's going on, I don't understand how all these banks could be simultaneously so broke and so profitable, I'm not impressed that the *rate* of deterioration has slowed (I was absent the day they did second-order derivatives in school) and anyway a hard-core unemployable like your correspondent has no business taking on much risk.