Tuesday, October 07, 2008

Do Not Panic !

The markets have taken a toll on those of us who are invested. This is not a good time to sell in order to keep the little that is left from our capital. If anything, this deterioration in prices create a buying oportunity in selective issues for those who have the intestinal fortitude to risk more funds.

The cycle we are experiencing will weed-out the weak short-term investors and will continue until most of the willing and unwilling sellers are swept away.

A market bottom may be forming and, in twelve to eighteen months from now, we may be looking at a healthy rebound.

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