The Sixth Day
Tuesday, January 08, 2008
  (Stock) Buyer Beware!
Markets proved again today (January 8, 2008) why this is a time for extreme caution. Risk is high. Watch out for a snap-back rally of a few hundred points. Do not be fooled into thinking it is a sign that that the correction is over. Instead, use it as a selling opportunity for your long positions.

I am a big fan of ETF's or Exchange Traded Funds. Now is the time to consider using them as a substitute for shorting stocks. For example, by buying DOG, you will have performance similar to having shorted the thirty Dow Jones stocks. It is neat, simple, quick, and relatively painless through your regular brokerage account.

You can Google 'ETF' and find lots of information on a wide variety of ETF's, both long and short.

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Commentary about all things human; life, the Christian religion, ethics, politics, economics, sociology, art, anything to do with twenty-first century American culture. Perhaps I will inform, perhaps I will anger and frustrate, but I hope always to make you think!

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I grew up in Kansas in the 1950's - 60's. I attended Kansas State (B.S. in Soc. Science) and Washburn Law School (J.D.). My wife and I have been married for over thirty years and are the parents of three grown sons.

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