Friday, October 10, 2008

No Bottom in Sight

At least not yet. The market is set to plummet again today as the world markets took a dive during the night. This could get very ugly folks and I hesitate to actually call the bottom, but it could be as low as 7500 for the Dow.

All resistance has been broken for a while now and panic selling is rampant. Unless you are long in an inverse ETF, it's best to watch from the sidelines until the blood dries.

On a brighter note, this is going to create a lot of wealth for new investors as they will be getting in at very discounted prices when this is all over. And it will be over soon, so sit back and watch the show; you won't see this many times in your life.

Try and have a good one,

Monday, October 6, 2008

Look Out Below!

The market is falling, and I mean free-fall style. The so-called bail out package has done little more than bring the seriousness of the financial situation into greater focus. I believe we have only begun to see the true ramifications of these last few years of bad debt in the markets.

But, on a brighter note, there are always some things that prosper when things go bad: they're just harder to find. I normally would suggest standing on the sidelines until this market corrects, but if you can choose wisely, you can still find value out there. Just be extremely careful, and if you can't afford to loose it, sit it out until we see some stability and a hint of recovery.

Have a good one (if possible),