Roller Coaster Market

Ouch!
As is usual, I waited a tad too long to bail on a few of my holdings.

I've read so often that even the pro's have difficulty 'pulling the trigger'. I did, and got burned a little, early on into this correction. It really doesn't matter how "quality" the stocks are, during a major correction they are going to get pummeled. Once I started hitting my sell triggers, I actually felt better since the mystery of where the market was going was over.

Doing a little scalping has helped, since the money is in my pocket, so to speak, within minutes or hours. As a trader, I'm drawn to making money...holding stocks doesn't appear to be a good idea as long as the talking heads are whipping their backs with 'cat-o-nine-tails' and forecasting gloom and doom.

On the bright side, those of us who managed to go flat at this time are looking at some pretty decent prices on some good looking stocks. Isn't it amazing how "perceived value" changes so quickly?!

Keep up the research...now more than ever! There are many great stocks poised to recover when confidence comes back into the market. We need a catalyst....Hey, why not attack Iran? That ought to be good for at least 1,500 points to the Dow!! C'mon "W", go get'em!

A.M.