Tuesday, February 27, 2007

YIKES........................

Yikes…Painful though it can be, volatility can be rewarding. A down market could bring opportunity for long-term investors. ….And yes it hurts but remember in 1987 the market dropped over 22% in one day and the entire market melted down (stopped working) So we will see what tomorrow brings. The USA and global economies are still very strong so at the end of the day this maybe just another hiccup. Remember this market has had a tendency in the last couple of years to look real bad right before it moves up. My bet is that the market will bounce tomorrow or the next day making a climatic bottom (down early big then a turn up big) giving me a chance to reposition my portfolios on the bounce (take profits and run for my life) and then have a couple of more down days..if its down big tomorrow and it closes down big WE ARE SCREWED.

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