Tuesday, October 7, 2008


Did we bottom yesterday? Are the pundits that are calling Dow 7500 right? I am still sitting on the sidelines--even though one of my stocks hit my sell point and I let it go yesterday. I saw Bill Ackman on CNBC this morning and he was saying that he sees some good buying opportunity.

It looks like the liquidity measures that the FED has been instituting are beginning to work. In my post on Sunday, I talked about everyone running for the door. I think we are seeing some good buying opportunity, but we have to see an end to the panic before we can realize value from those plays.

I will start mentioning individual stocks again when the markets settle down.

For now, I am a satisfied observer from the sidelines.