Tuesday, March 15, 2011

From a market maven

From a market maven -- "daily market thoughts"

It's usually not a good idea to make a lot of changes to one's overall portfolio in these types of crises. I'd further suggest you turn off your TV before they scare you into doing something you may regret later. You might also want to turn off your computer and not look at the day's charts. That may also prompt you to make some short-term mistakes. Hopefully, we'll be able to make a better assessment of things by week's end. 

Also most people on blog commenting on how everything is "down big", the reality is that everything is up big compared to overnight futures,   Japan is up about 10%, how is that for a different perspective.