Sunday, August 15, 2010

" The Sun Will Come Out Tomorrow. Bet [Invest] your bottom dollar that tommorow; The Sun Will Shine."...(thanks Annie) "Riding The Storm Out"...(thanks Foghat)

    
We should brace for further signs of weakness in the economic recovery this week as earnings from key retailers are expected.
     Industrial production, housing starts and inflation data will come under scrutiny as well, after stocks on Friday wrapped up their worst week in six. Last week's sell-off also drove stocks back into negative territory for the year.
     Technical Charts show "Sell" signals, indicating more weakness. At the same time, some analysts say the market may be due for a bounce.
However...
     I happen to like the Current Downturn as a Buy Opp.  We have been sitting on what little Profit we wringed out of The Current Market and haven't "had Dinner" in awhile.  Afterhours showed upswing on Friday, which bodes well for Mon/Tues Trading (what else is new?). 
     Sure, it's a dismal time, but we'll get through it.  It is not the time to Sell; so if your short on funds - Ride This Downturn Out.  I am loath to predict a Sure Thing, but I do know this Downturn Will Not Last.  
     It's easy for us investors who have been actively involved in our Portfolios over the past 14 months to be Crybabies. 
     The Managers and Investors who were active before the Fall (sorry for the double entendre) of 2008, roll their eyes at us for the Bitch and Complain over a 12% loss on an 81% Gain.  Boo Hoo... 
Flip those numbers around for Q1 of 2009
and you realize the reason for their feigned contempt
and, also, that This Downturn Is Doable.

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