Hey everyone,
So I'm sitting here mid day with 30 minutes until the stock market closes, and I'm trying to figure out what to do. I'm trying to figure out what to do with my virtual portfolio and my real portfolio. The market has rallied an incredible amount since October, and it feels like we're running out of steam here. My thoughts are that any excuse to sell off will spark a pretty severe sell off. This could include a Euro zone debt deal fall through/inability to implement austerity measures, poor economic data from here in the U.S., an Iran issue, a natural disaster, etc. It is in these times that the most intelligent investor will feel stupid, and undoubtedly is, but must stay the course in his/her investment strategies. This is the crossroads I am at. I've had a great run, but want more. However, my gut is telling me to get out. But with only 30 minutes left in the trading day I feel that I will be unable to sell this afternoon. Any decision will have to be made tonight and implemented in the morning. Dow 13,000 is great but can it hold? I at least think we need a correction in the coming days/weeks. So should I just take the pain of the correction, or should I get out, laugh at those who stayed in, and then get back in when times are more favorable? I favor the latter and will probably do something of that sort in the coming days. I will be sure to keep you all in the loop. Off to class.
Cheers,
EZ
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