Need to change your diapers after this week in the market? I think many folks left friday with a diaper load of stocks that took a beating this week. The market closed at the lows and the worry of a potential monday sell-off was making the rounds.
Watching the Fox Business Block this morning, it seems the popular opinion is that the correction is on. Not too many predicting a bear market, rather a correction in a bull market. Some were saying to buy now, some were saying to wait until it plays out. The contrarian in me says that if folks are convinced this is just a correction, it may be a little bit uglier than I think.
I remain with low beta stocks and some cash on the sidelines. I continue to have my QID hedge. I do still have a few short-term mo-mo stocks where the mo-mo has definitely gone in the diaper. But until support is broken I'll give them a little more time in case a bounce comes.
It's a beautiful day here in Sacramento. I see a long bike ride in my immediate future. And the recent rain storms have let me procrastinate on the much-needed yardwork. I may procrastinate for just one more day...
American Idol's Antonella Barba, the hot one, in a sex scandal of sorts. Now I suppose many, including myself, will be dialing her number every week to keep her on American Idol as long as possible. LOL.
Diaper Change!
Need to change your diapers after this week in the market? I think many folks left friday with a diaper load of stocks that took a beating this week. The market closed at the lows and the worry of a potential monday sell-off was making the rounds.
Watching the Fox Business Block this morning, it seems the popular opinion is that the correction is on. Not too many predicting a bear market, rather a correction in a bull market. Some were saying to buy now, some were saying to wait until it plays out. The contrarian in me says that if folks are convinced this is just a correction, it may be a little bit uglier than I think.
I remain with low beta stocks and some cash on the sidelines. I continue to have my QID hedge. I do still have a few short-term mo-mo stocks where the mo-mo has definitely gone in the diaper. But until support is broken I'll give them a little more time in case a bounce comes.
It's a beautiful day here in Sacramento. I see a long bike ride in my immediate future. And the recent rain storms have let me procrastinate on the much-needed yardwork. I may procrastinate for just one more day...
American Idol's Antonella Barba, the hot one, in a sex scandal of sorts. Now I suppose many, including myself, will be dialing her number every week to keep her on American Idol as long as possible. LOL.
