Wednesday, October 08, 2008

Enough Is Enough

In this type of market, you just have to step back and reflect a bit. I leave work everyday and observe the traffic jams, people rushing home from work, etc… People, the world is not coming to an end with this financial hiccup. The press makes it seem as though it’s Armageddon. I was reading the Wall Street Journal and there was an interesting quote in an article that caught my attention. It’s from an investor during the 1929 – 1932 market correction where the indexes fell 90%. Here’s the quote: “There’s a better chance to make money now than ever before.” This guy ended up making millions by buying all the way down. Yesterday I picked up a bunch of Financial Spiders and Visa. I felt sick to my stomach, but that was probably a good sign of a market bottom.


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