Some Quick Thoughts

Markets and Things

I usually do a review of a specific sector and some of its industries on Saturdays but today I’ll just ramble for a bit…

The market finished down again yesterday in a pretty convincing selloff into the close. It was a big letdown, as the market had done fairly well the day before. But, that’s kind of been the story on the year with bad days and then good days, though not good enough or frequent enough to make up for the bad days. Thus, the trend bops up and down but has been decidedly downward sloping.

This is a fairly memorable pullback for the market but by no means anywhere near the worst historic drops. That puts us in an awkward position where we either have a nice recovery and lots of gains are to be had or we dive further into something less fun. Sometimes people talk about the market moving sideways but, in a position like this, I think that the market is more likely to decide a direction than to idle at some arbitrary level.

What I mean to say by all of this is that I have no clue what is going to happen! As always, find good companies you believe in and remember that buying shares is a designation of ownership. Barring a catastrophic nuclear war (which, hey, is never off the table) or some other world ending calamity, life, and business, will go on and there will be plenty of rewards to be had for those who have equity. And, if something really bad and earth-ending does happen, money and how much stock we have won’t be very important anyways.

It will sure be interesting to see how next week goes! But, then again, isn’t that always the case?