Worth the Wait

You know I like to nibble. It's almost always paid off. But I cannot think of a time before an event that we know will be difficult where it paid to buy the first day of the selloff. The second day, yes, but the first day really doesn't make a lot of sense even with the bonds doing the right thing.

This market feels like a falling knife. Given that the bonds are rallying, I am sure there are plenty of stocks that could soon get yield protection. But I think you have to wait for your price as there's nothing that's going to turn this market around that will happen tonight. Assad isn't going to step down or commit suicide. The Russians and the Chinese aren't going to pressure him to step down and, if anything, you have to expect that something will go awry, not improve, between now and launch day....185 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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