I talked to my feng shui advisor this morning and he told me that there has been a correction regarding the Chinese calendar for 2008. He said that it has been determined that this is not the year of the rat. It is now the year of the BEAR. Good luck with your ANAT orders.
My invetment committee has advised me that they are going on holiday until further notice and that they will not enter any buy orders until they return from their planned around the world voyage in a leaky rowboat.
The bear seems to be in full control now and he is probably not ready to hibernate any time soon. Therefore I have given up plans to buy any stocks in the immediate future. I had recently been making a few trades in COP and BP. Yesterday I sold my COP at $94.35 and today it closed at $90.75 even though oil closed at a new all time high. I am still holding the last of the BP that I bought at a loss. It appears that investors are now willing to sell whatever they can to get their hands on some cash.
Long live the bear. I will suffer with the masses with the two stocks that I still own. I think the time machine is starting to accelerate. Fasten your seatbelt!
I am like Warren Buffett in that I have no desire to run companies. I look for smart people who run good companies and then I just go along for the ride. I learned some time ago that investors can rarely ever make management change, so you may as well spend your time looking for a company you will be happy with.
Therefore, Mr Moody will not be replaced by me even if he does get a big paycheck.
I can't wait to see what happens on Monday, the last day of the month and quarter.