So

the market is down this morning and it makes sense for profit taking but is this the sell off everyone is expecting?


I had apple juice (not beer anymore) with my friend at the local bar and talked about how does one cope with profits when we were just recently sweating over the losses in the market. We acknowledged how things appear calm but no economic event has really turned around.


Consider employment numbers. The rate of unemployment slowed down but if it continued at the previous rate we would have 20-30% unemployment quite quickly but as every driver knows, you slowdown on the curves and brace for the final lap.


But how can the market sell off significantly when it's springtime. Then again that was the same rationale I bought Bear Stearns with.

So at the end of the day I am a bit confused.