Jobs Slowdown Adds to Global Fears
The stock market dropped 275 points on last Friday and dropped more today. It has dropped close to 10% within the last 2 months. With possible worse situation in Europe, investor sentiment can go further down.
I strongly suggest all of you to get your cash ready now. Since excellent opportunities in buying good properties or excellent business will arrive.
For the record, I have taken several positions in past week but still 60%+ in cash position.
"Be fearful when others are greedy and be greedy when others are fearful." Warren Buffett
Cheers,
Josh
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