Only a quick post. This is a very very busy week for me, so I doubt I will write much this week other than to make quick post on my current thinking.
Right now, I've been waiting for the pullback I was sure was going to happen. I think we have probably reached a bottom a week ago. However, the market bounced hard back up, and I didn't think it was the right time to buy either. But now that the market pulled back a little bit, I will probably look to buy tomorrow so long as the market doesn't do anything nuts tomorrow.
If I buy, I will buy Novartis and Diageo. I want to be in the drug and consumer staple large cap space right now. Things that should survive even in a down economy. To hedge, I will short the S&P even more than I currently am.