Fear, Uncertainty, Doubt

The markets have been steadily falling for almost 4 weeks. Arguably, one could say that the markets have been falling even longer and that the end of October rise was a dead cat bounce.

With more bad news on the way, it will be hard to coaxe money back in. Short term, the environment is not a solid investing environment. Long term, I am bullish on a few sectors.

For example, the HSBC announcement of bad news is going to be followed by plenty more. And the GDP news this Thursday may not be as solid as expected.

I am also noting that the market crashed to a 6 month low in just a few weeks: a rapid 10% drop. That will shake out quite a few hands.

I am going to continue to sit and wait for a bit more. I am going to hone my list of stocks. I think the time to make a move is coming as we enter the last month of the quarter and of the calendar year.