Wikinvest Wire

Tuesday, May 23, 2006

Thank Goodness That's Over!

Well, I wouldn't make that bet. Now that you are feeling good, what should you do? Do you own too much of fill in the blank, not enough? Earlier today I told the panicked reader (publicly not privately) to reduce while the market was up.

Now I don't know if the S&P 500 is going to go back to the flat line or not today but the little lift so far is a good chance to make changes for people who were too scared yesterday.

You have to be able to sleep with what you've got. I am repeating myself from this morning because this is very important for managing your own portfolio. I am not trying to predict anything. If you were really upset yesterday you are probably feeling much better today, take advantage of it, if you have recently learned you have the wrong mix.

3 comments:

George said...

http://today.reuters.com/news/newsarticle.aspx?type=businessNews&storyid=2006-05-23T171947Z_01_WAT005622_RTRUKOC_0_US-ECONOMY-BERNANKE.xml&src=rss&rpc=23

Faisal Laljee of stocksandblogs.com said...

The market pulled another fast one on investors. I think there is a little more downside left here, but its best to start buying now before the sale is over.

-- Faisal Laljee

Garland Greene said...

I think still more downside to come in all the markets. Closed my long positions Friday and went short Friday and Monday.

Here is an interesting read by Jim Jubak about why everything has been tanking...

http://articles.moneycentral.msn.com/Investing/JubaksJournal/HowJapanSankTheUSmarket.aspx

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