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Re: Markets showing fear not fundamental failure

terryjoh...@yahoo.com

I agree with you.  Panic never made anyone any money.  The bottom was
tested thursday.  It held!  This is a good sign, and would imply a 50%
chance that this will hold as the bottom.  If not, the correction
could go as high as 10%, or around 11400.  If you are a buyer, I would
look at defensive stocks first.  Finanacials will probably bottom in
about a week or so, and the rest of the market within a month.  If you
are not looking for defensive type stocks, then I would recommend
waiting until the end of March for financials, and early April for the
rest.