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.
Likely a short covering bounce.
ReplyDeleteThis is big, a lot bigger than they are letting on. Japan won't be back to business as usual for years. The *entire island (supposedly) moved 8 feet* for crying out loud...
Not to mention there's a volcano erupting in the South of Japan, and they are likely to experience a lot of aftershocks.
I don't agree with the so-called maven. If they are wrong, they could be way wrong, 10 times more wrong than being "right" and buying the F'n dip already.
ReplyDelete