Sushi Money

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. 

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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