Monday, June 05, 2006

The Fed Correction

The Fed governor, Mr. Bernanke, smacked the market around pretty hard today. I didn’t expect the market to react as violently as it did. I’m putting on my trading cap once again. I’m looking for stocks with strength (stocks that refuse to decline or even going up in this correction). The strong stocks usually are the first ones to take off when the market recovers. I still think the market will go down a bit more from this level. I’m just patiently waiting… Not enough fear in the market yet. In this environment, you need to focus on market psychology. Buy when you feel sick to your stomach.


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