The genius of investing is recognizing the direction of a trend -- not catching highs and lows.
-- James Koford

Last dribble of stocks inna 401a closed out today. All in bonds and GIC. The 900 points down is of passing interest. The possibility of not being able to postpone the consequences the run up of the globes sovereign credit card is of huge interest... we were down midday before the spike down and we closed way down off the open...

Down 300 means there is major uncertainty. I'm prepped for a reflexive bounce... but I think there may be more downside to come as long as the uncertainty exists.

http://www.ritholtz.com/blog/2010/04/po ... zed-souls/
http://preview.bloomberg.com/news/2010- ... slows.html
http://blog.al.com/live/2010/04/deepwat ... _memo.html
http://www.msnbc.msn.com/id/36972794/ns ... ce/page/2/
http://paul.kedrosky.com/archives/2010/ ... _real.html
http://blogs.ft.com/energy-source/2010/05/06/61536/


Stay Tooned