Thursday, August 4, 2011

Run for the hills

A month ago, I was considering getting out of the market totally because I just had the feeling this debt ceiling mess was going to clean some clocks. Stupid me. I stayed in, and got spanked the last week. I think I'm getting out tomorrow morning. Why? Because I think the markets are at the beginning of a very slow and  a very long beat down.  I don't have any evidence, any insider info, but I think tomorrow is going to make today's 500+ point drop in the Dow look like foreplay. And if not tomorrow, next week, next month, the next 6 months are going to be ugly. I'm sitting this one out again. And when the dust settles, I'm jumping back in. Stay tuned....

Good luck....