Tuesday, July 24, 2007

Yuck

I called that one well. It was ugly. Besides GLP, not a single stock on my screens managed to survive. VSEC was ahead by 4% most of the day, but met the same fate as most other stocks. My portfolio was down .59%.

It feels good to have a day that finally confirms some of my concerns about the market. The bulls didn't come rushing back this afternoon to save the day. I was tempted to put some money to work this morning, and I'm glad I listened to my head because I would have lost a lot more.

Where do we stand now? I have no idea. But I think I'm going to wait the rest of this week out and see what happens. I still own VSEC and RUSHA, so we'll see if they can lead a comeback. I'll give the rest of my money a rest and let is settle.

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