Justa, I found my original message...here it is:
Justa, my cash reserves would allow me to buy equities, and I can tell you there are now many raging buys out there. My major loss is due to one stock that getting the sh*t kicked out of it today...Dell. However, if any company has a good chance to recover, its Dell. My other loss are mainly spread out over my various Mutual Funds.
I won't be buying anything at this time. Need to see how all this plays out. I hear there are other countries that may follow Russia...who really knows? The concern that I had for todays markets was due to this weekends news about Russia Duma not confirming the new PM.
As for seeing a Bear...I really don't known. If I was that good, I'd be publishing a newsletter and might even try the radio. <ggg> (Just a very poor joke.) I must admit, my "gut feeling" tells me we are seeing a replay of last Oct. Do you remember that last Oct. there were TV specials at night covering the days events, analyzing everything, and trying to convience the "small" investor that they should sit tight. Well, we may be seeing a replay of these same events, just a new name called Russia. Wish I knew some more...as I said, I'm not a professionl, just the average guy trying to make some money in the market.
Justa, try to sit tight and see what happens. However, I realize that this is a very personal situation, and we all need to do what's best.
Stock Bull |
