=== UPDATED 1/8/08 ===


Lindsey Campbell; What do you do to fix the economy?

Barry Ritholtz; I don’t know that the economy needs fixing. What do you do to fix night? You wait and it becomes day.


Chartses and Table Zup! Looks like night is fallin'. Here's some of what I'm payin' attention to.....

http://www.slate.com/id/2181184

http://www.bloomberg.com/apps/news?pid= ... Yb7wU&

http://www.reuters.com/article/marketsN ... 104?rpc=44

http://bigpicture.typepad.com/comments/ ... 18000.html

http://www.nytimes.com/2008/01/06/business/06count.html

http://www.realestatejournal.com/buysel ... 04-ip.html

http://www.businessweek.com/magazine/co ... 083770.htm

http://lifehacker.com/339474/top-10-obs ... rch-tricks

http://www.slate.com/id/2181282

http://www.bloomberg.com/apps/news?pid= ... iHo4wg_Kak

http://www.nytimes.com/2008/01/05/busin ... ref=slogin

http://www.reuters.com/article/ousiv/id ... 04?sp=true



So's........iffen ya look at the charts and tables on my webpage, you see that ever since I've had something to work with (9/04), I've done pretty well. If I see twice the nominal B/P fund ROR (rate of return) at the end of the year, I'm feelin' allright. This year I had it.... an' I lost it. I started to feel bummed out until I took a closer look at why. The first three quarters of the year, it was because on dips that I saw as hazardous to my money, I bailed out on the way down and I didn't get back in until I saw proof that things really weren't goin' down for the count. That cost me losses on the way down and gains on the way up. That is part of the cost of my investment strategy;

Stay heavily exposed in stocks when the market and the funds are goin' up.
Watch for signs that the trend is over and practice selling during times of uncertainty and on corrections.
Reinvest after short term uncertainty and corrections have run their course.
Be prepared to go more sold and stay sold when the short term uncertainty and corrections turn out to be the real deal.

Insurance ain't always cheap. But you can't be aggressive without having a plan in place for when the danger greatly outweighs the potential gains. And what use is a great plan if you've never practiced putting it into action? Now there is big time bearosity all over everywhere and the bearishiousness every place else is thick enough to walk on.

This may finally be the time to lock up the gains that I made when times were good and hunker down to keep 'em. Gotta have the wherewithal for when times get better investmentwise. Last week I went from 20% cash equivalent to 36% cash equiv, on my way to around 60% cash equiv this week. Stay tooned.
If I'm wrong and I miss some upside...again...Oh Well. I'll buy back in. If this IS the real deal, it's not like I'm not prepared.

80% CASH (GIC) AS OF THIS EVENING. IT'S A BEAR MARKET AND THE PRIMARY DIRECTION IS DOWN. CAPITAL PRESERVATION IS THE FIRST PRIORITY. MAKING MONEY ON BOUNCES IS A DISTANT SECOND PRIORITY.

See ya at the track.