A diary of the thought process behind my investment decisions
Egypt Is An Excuse
Even if the Egyptians overthrow their government I believe there will be little long term effect on world economies. Does that make today's beating a buying opportunity? Not necessarily. Whenever markets are this extended and sentiment is so lopsided, the market finds an excuse to correct. Can this be the excuse for a correction even if in the long term it means little? Its as good of an excuse for a correction as any.