Sunday, September 09, 2007

Buying low, selling high

IN THIS MARKET YOU CAN DO BOTH. More than ever it seems that now is the time to look at the equity market. It is very likely that there are significant values right now. At the same time there could be gains to protect, positions to shave. Staying reasonably calm is different from sitting on your hands. And what the heck. In a calamity nothing is safe(your mattress money may seem safe but if it could buy a Volkswagen today and half of a Volkswagen next year...) so it seems like the right thing to do is be normally active, whatever that is. And real calamities rarely happen.


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