Not yet! We were really due for this correction.  But I’m looking at sectors and how much exposure I have. How far will it go? Great question, and one we’ll be reading about in the days ahead. I won’t prognosticate that far… Stay tuned for all the “I told you so” comments, and some doom and gloom from the bear side.   If history is a guide, the commentary will become increasingly negative. In the past few days there were several new articles with leads calling the market topped and way overvalued. Just now I was watching the DOW drop slowly past 200 to over 400 points, then a super quick slide to over 500 points down. Wow…  now just 10 minutes later it’s back “up” a little at “only” 393″ points down.  It’ll go more… watch the volatility. That being said, I’m not a buyer here. I’m pretty much 45% equities, 45% fixed-income, with some cash on the side. I really like balanced and equity-income funds within an IRA… let them do their stuff. Where else can you put your money right now? A good money market fund at 4-5% is nothing to sneeze at. Several internet banks have great rates in the 4-5% range as well. I also like IEF… I-Shares Lehman 7-10 year Intermediate Treasuries. It’s an ETF that trades on the AMEX, pays monthly and is a nice foundation for my portfolio. I don’t plan to trade it near-term, but watch interest rates over time and see how it does.Â
OBTW… eating poorly prepared Fugu is a really bad idea. I love sushi, but I’ll keep my risk in the market!
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