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The day after 9/11/01, I jumped with both feet into the market with reserve
cash...and got out with a good profit later. I hated to take advantage of
a disaster, but the sky was not falling then.
This time it is a bit different. A terrorist attack carefully timed around
a Spanish election likely caused a regime change and a pull out of Spanish
troops. The same type of thing happened when the Italian Embassy in Iraq
was attacked with loss of life and the Italian contingency pulled out.
We are vulnerable to the same tune. An attack here around election will
possibly lead to a regime change here
So far this is a nominal pullback and as I watched streaming quotes the
trading seemed sluggish and light. Without the politico/economic
implications, I would just hang in. But now I am on the fence, and all
cash
is looking good...pending further market action this week.
What say you?
Sincerely,
John
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