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Headed In The Right Direction

|Includes:BRK.A, Wal-Mart Stores, Inc. (WMT), XOM

the Fortune 500 companies this year smashed profits that came up during the powering economy of 2006. That goes without saying that fear is in the market when blue chip companies are thriving and we can't even come back to 2007 levels.

It seems like every day we come up with a new excuse to panic. Troubles in Europe, China, U.S., Argentina, wherever have led us to a constant state of disbelief in the world economy. The fact is that there are always going to be problems in the world. There is never going to be that point where perfect silence of peace hits the world. The only difference is those who can be greedy in the times when those are fearful and have the sense to be fearful when everyone around you is greedy (CDS of 2008) will be the ones who come out on top.

Next time a catastrophe happens- think. Is this situation really worth the 7% drop in the markets? Is this going to happen for a very long time, or are we going to climb out of this situation just like everything else we've had to deal with? When the Japan Tsunami hit the island and the market dented, was it really granted or was it just crowded apprehension? Think logically about Wal-Mart's future as an example. Two years from now, will there still be news coverage about the scandal or will the company seal up the holes and move on? Think five years from now because I can guarantee you that no analyst is.

Stocks: WMT, BRK.A, XOM