Qdog, Agree, they probably do it every year, but this time I think it was way longer. It must have been a good 5-7 days at least for everytime we turn the TV on it was there. Maybe, due to the fact that it was a 10 year anniversary of "Black Monday." Whether the media was one of the culprits or not, we probably won't know. Don't really pay much attention to the DOW, based on the premise that if it goes down it will always comes back up with more over time, but those series of presentations had a chilling effect on me. It was a scary sight.
Considering the health of the US economy today that mini-crash was probably a good excuse anyway to take some profits off the table. And I agree, some stocks are way too overvalued based on fundamentals that is why I try to be more selective these days. With regards to the ASIAN problems, I'm not that much concerned. They'll find a way to fix them on their own. Or better yet ask for support if needed.
However, what may really concern me is if the equilibrium is changed and the United States becomes the center of all these problems or worst yet start a recession. But, with the interest rate as low as it's been, I doubt if it could happen anytime soon. Anyway, that's just my opinion.
Frankly, with all the work that you've done (I've read almost all of them) my strategy of investing won't changed, but will of course continue to WEIGH and VALUE your INPUT with your CONSERVATIVE OPINION. As had been said before, WE NEED BALANCE. sycamore
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