mrresponsible

The Scariest Part of Yesterday's Trading: No Panic Selling

I guess I write here without a lot of knowledge for this kind of fund (EAD), I think I will keep my cash in a money market, the yield looks good but the price seems too risky in this kind of market. If you are a contrarian, isn't it the time to be purchasing high quality stocks gradually in good sectors such for the long term. Maybe one has to read the current pricing of risk but I would be more comfortable in FFRHX.

I appreciate your comment on the character of yesterday's market. I think the best financial advice I have ever read and I read about 120 blogs/week - back in the early 2002, Buffet was quoted as saying stocks are cheap when their P.E. ratios are 8 or below - not there yet but one can never call the bottom exactly. The market action yesterday can be interpreted as predicting a healthy future for stocks.