The much awaited correction!

A few days where profit taking appears to have an edge over relentless buying. Except the Russell, broad indexes are still well above where I jumped ship three weeks ago. I am always early, this time perhaps more prematurely than usual. I am not complaining just hoping you recognize how hard it is to beat the indexes and that successfully being in and out of markets is not an easy thing to do. The latter unfortunately is more in our future and one has to adapt to it. I am also not in any particular rush to get invested again. Pleased however that DMND is up today, perhaps because General Mills bought a maker of tortilla chips and the takeover hopefuls are bidding it up.  On the flip side, FOSL continues to defy but April is far enough away.

Note that Friday brings employment data for the month and more hijinks.There is news about not enough Greek investors voluntarily agreeing to the haircut. So they are probably being privately coerced into publicly agreeing! More in a later post.


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