Thoughts of The Day

Parenthood: My daughter did not want to go to school today because she has short hair and "everyone else" has long hair. She ended up having a good day. My son is learning to read and it is so fun that it reminds me that sometimes the things that seem most difficult in life (parenting) are the most rewarding. Easy does not always translate into good.

The Market: Day trading is the only strategy that is working for me. I don't like to day trade, but it is simply the only thing working right now. Don't try it at home kids. I truly believe we are stuck in a range. I think 7400 is about the bottom. If it is not we might as well all pack it up and move to New Zealand because the next stop is around 4000 on the DOW. If you have $ in stocks and are not an investment professional it is time to realize "buy &and hold" was a lie. If you were lucky enough to get out before the crash you might want to SLOWLY increase your exposure to the market to about 30% or so.(If your time horizon and financial situation are appropriate.) However, please don't be one of those people who gets worried about missing the upswing (unless you are a trader). In my opinion, we are entering one of the longest, most protracted bear markets in history. Save your $, pay off all you debt, & find a way to produce income. BY THE WAY, if we bailout the carmakers we will end up with a country full of YUGO's - remember te YUGO? Ahhhhhhhh, THE YUGO. GOD HELP US.