Geeze Mr. Winn, I go away for two days (seems like a week) and come back to fear, bordering upon terror from the boards. Haven't seen any cnbc, but have listened to a few blips on the radio, but no panic there. I guess I'll have to turn on the TV tomorrow...
Since about two weeks ago, I sold 50% of my portfolio to pay taxes. Since then, I've lost about another 10%. I would dare say that most of the fear is due to margin 'shakeout', much to the misery of my speculative brethern. I must be comatose.
Several new people have asked me if this is a good time to start investing. They just seem to come out of the woodwork. Most say that when the average Joe comes along, it is time to move out. To me, that's what's been driving the engine. They see bargains, why don't we?
Yes, there are rough seas ahead. Is it the end? Hardly. Timing predictions have many rationalizations and reasons. Election years are always choppy due to uncertainty. But crash? There is only one thing that could cause a crash right now, or anytime...dramatic change in perception. It sure isn't the economy, Greenspan, Asian flu, skirt lengths, etc...
Maybe we're all looking for something that isn't there...rationality. Try as me may though...Two weeks does not a market make...
Q rocks, just a matter of time... |
