I used to roll the diceThus far it has paid to remain conservative and I believe that will remain the case. Better to wait for the market to become oversold before making a stand on the long side. However, with the S&P 500 now down a quick 55 points from the highs a few days ago it would not be surprising to see some sort of bounce. I am likely to just remain on the sidelines but will consider a very small purchase. I believe a buy here will prove profitable when a bounce does arrive.
Feel the fear in my enemy's eyes
Listen as the crowd would sing:
"Now the old king is dead! Long live the king!"
One minute I held the key
Next the walls were closed on me
And I discovered that my castles stand
Upon pillars of salt and pillars of sand