Thursday, January 31, 2008

The selling is done

Here is my current thesis. The selling is done and the bad news is already baked into the market. It will take some time for the leaders to emerge, but buying index funds and market ETFs is a good strategy right now. Be ready, because when those new leaders emerge some serious money will be made.

Here is a great quote from Tom O'Brien during his conversation with Ken Shrieve of Investors Business Daily.

"Its Armageddon everywhere, but we'll see if the market cares about Armageddon at these lows."

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