Why we go LOWER...It's the Credit Crunch Stupid!

It matters now because people care. If you don’t know what’s going to happen next, you are not watching prices. I am not sure if Intel blamed the credit crunch because Intel is so 1990. BUT, every management team from tech to oil to solar that misses earnings or sales now has a built in excuse…Countrywide, Citibank and Bear Stearns. You wait.

You did not need to time the top and you should not pick the bottom. I have taken my lumps on this decline for sure. My top five positions starting out the year, save IBKR, are blood red. My top 30 positions, save metals, for that matter.

If you take your losses and keep a clear head, you can get back in the game from a position of strength.

I am reading and gearing from very smart friends that are in pain. That distresses me. Mainly because there has been SO LITTLE dished out.

Is your portfolio prepared for Dow 10,000, Nasdaq 1,800? Uptrends are broken and who is to say we can’t go lower. I am not shorting other than the Indexes.

I watch the all-time high list. There is nothing to watch (unless you are watching inverse ETF’s and I am building my list for sure). I am trading because I get paid to try sometimes.

Otherwise, you should be sitting this out after your stops get hit. Lot’s of gapdowns for those that are lazy.