08-10-2007, 01:26 PM
Normal and to be expected correction. It will pass with little to no damage for those who stand firm. But again, we saw this coming. Even the talking heads whom I often don't agree with said USA 2007 would be flat. I dumped everything domestic beginning last August (the last of which, oddly enough, was a real estate equity fund sold the second week in November - it tanked a week later and the slide has not stopped). I realocated my Mother's stuff to international, and did likewise for my wife's SEP. No regrets. The economy is international, gentlemen. It will be that way from now on. Think IPO on a global scale. China, Latin America, India, anywhere markets are clearly emerging. Put together China, petro-chemicals, finacials, and insurances, and you get a 70% return.