Wednesday, February 28, 2007

The Sky is Falling!

OK we’ve had a 5 year bull market and then the markets correct? How could this have happened? What China isn’t going to go straight up forever!? Now that we know this, it must be time to panic...board up your window, stockpile supplies and sell all your assets...

But seriously, before you panic and sell all your holding look at them and ask yourself why you were holding them yesterday?...once you figure that out ask yourself has anything changed today? Maybe it has...but probably it hasn’t...Anyways, my point is follow the markets but not blindly, if you’re going to sell a stock have a reason. The same is true if you’re going to buy a stock have a reason. Personally, I’m still holding everything I did yesterday and am going to revisit some names I’d looked at in the past and thought were too expensive.

(Disclaimer: I’m not your boss or your spouse so do you own research and make your opinions on when to buy or sell. Nothing I say should be bastardized or construed in any way to be advice)


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