(January 22, 2008) If you are like me, your belly and your brain are pulling you in different directions. My belly wants me to sell every stock I own. My brain says, ‘Hang on. The world is not ending. There must be bargains out there.’
Over the years I have found that my belly gets me in trouble in these situations so I’m not selling. But today’s situation is complex. There are too many different stories flying around the market about the Fed, the credit crunch, the mortgage crisis, the stimulus plan, and whether there is a recession. I have been spending all my time answering questions about stories I don’t believe. That doesn’t help you or me decide what to do.
I am going to use the blog over the next couple of days to think out loud about the things we do know that might help us make sense out of all this. Then we can add them all up at the end to see if we can come up with a coherent picture.