Friday, August 3, 2007

The sky is falling

Or is it? (Of course, we are talking about the stock market). It is true the what went up must go down. The stock has been up for such a long time (5 years?) it is due for a correction.

1. Should we go all the way out to find some bargain?
2. Or should we just wait a little bit longer for the market to run its full course and then get in again? Would we be able to look the k-chart or other tech charts to figure out when the markets hits the bottom?
3. What should we do with what we have? Should we just simply hold them, or join the crowds and sell them in the hope to buy them back with lower price?
4. Would any big one fail this time, anything that closes to the LTCM? I would love to see something like that to happen so that everyone would have a real lesson to remember for years to come