More Buying Into Weakness?
Hi PCA Fans,
I am sure there is no surprise that we are getting more buying as the markets continue to fall.
It makes me wonder if we should skip the buying and wait for an even lower markets with bigger better bargains.
It is not a good sign that I contemplate disregarding the systems advice although with the Big 3 on the hill looking for a handout and big insurance companies buying up very small banks to get in on the bailout I am not sure we are anywhere near a bottom.
The sentiment is just too negative and I am not sure what it will take to turn it all around.
I still think, that even in the face of all of this doom, the Newberry Doctrine would be a great place to start.
We need to see investor, consumer, entrepreneurial and loan officer confidence return before we have seen the bottom.
I am planning on a whole mess of new broadcasts to look hard at the market from all angles and see what we should be doing now.
I will be updating the model portfolio after the close today (Friday November 21st) and loading up on the new buy orders just in case things find a short-term bottom here.
I will also be looking at how the cash has been deployed so far and determining the buying to go forward.
This is either the greatest buying opportunity of your life, or the beginning of the end of capitalism as we have known it. I wish I knew which.
