Friday, October 3, 2008

To Bail or Not To Bail?

This is the question that we've all been wrestling with for weeks now and paying the price for as well. Wow, what a few crazy weeks! The market's up, the market's down, then the market's way down, then a bank collapses and all that's been in just one day! We've been inundated with more news in two weeks than we get in years at times! My internet connnection was down for almost a week in the middle of all of this to boot, what's going on? I do love this time however, despite the momentary pain, it's exciting, this is history we are witnessing right before our eyes! I'm loving the exclamation points!! Seriously, everyone, take a break grab a wallstreet journal and just soak in a little bit of what's going on before you, it's affecting you whether you like it or not! Do you have a retirement fund? Most likely yes, well, then it's affecting you. I'm sorry and I know it hurts, I'm hurting and I have clients that are hurting too, but seize this opportunity for what it is! Warren Buffett is often quoted as saying that "Cash in a crisis is priceless", and he's putting his money where his mouth is. Look at Goldman Sachs, GE. What are you and I doing? Are we curled in fetal position waiting for the bad man with the stick beating us to stop? Or are we out there taking the stick from the man chopping it up and selling it for fire wood and turning the bad man into our servant? Are we looking to separate the innocent bystanders from the criminals, trying to find something of value to invest in? I've found a few gems in this market, Goldman Sachs for instance was a gem beaten down with a stick to $85, are you kidding me! I bought in at $115, Buffett's price by the way and rode it up. Burlington Northern, another example, try a commodity or two? You can do this too, contact me, I'll show you how! What are you doing to take advantage of the scenario you are dealt today? Keep trying to make Sense...