It is a very interesting time to be working on Wall Street. History is being made almost daily and all of us are witnessing it first hand. Buckle up, the ride is about to get wild and it is not going to stop anytime soon.
We are entering uncharted territory. Be afraid, be cautious, stay alert and pay attention. Focus during difficult periods is what will allow you to weather this and other storms.
Since things are moving so rapidly, I have decided to spend the next 48 to 72 hours collecting my thoughts and will publish a full post on Thursday. In the meantime, be careful what you read. The news is bleak but all is not lost. There are great days ahead. We will get out of the weeds. It will take some time, there will be some more blood in the streets but before we know it, the world will be right again.
Remember this – markets are efficient and always correct for price and value.
Stay alert – it is the key to success…
On another note, HedgeAnswers 2008 ends Tuesday in Philadelphia. Try to make it, the conversation will be extraordinary, thought provoking and worthwhile. Register at www.hedgeanswers.com