Worse start in history for S&P

The S&P 500 is off to its worse start in its entire history. Now is no time to be a hero and bottom-fish for values here. Sure, the market will bounce here very soon as it is incredibly oversold. I would anticipate this bounce to be very quick and powerful, but please don't be fooled. The bounce will more than likely fail.

Our goal here is to stay out of trouble in a very dangerous market. Wait until the market tells us it's safe to buy stocks again. For now, the best thing you can do is sit on your hands and don't place any trades.

We have been cautious on the market since 11/05/2007 and not fully invested since that time. Currently we are sitting on one position (BYI) held since 9/20/2007, currently up 46% and remaining resilient in this incredible market. We will sell at the first sign of weakness however.

Pay close attention to the top of the blog. When the question, "Is it safe to buy stocks" in answered "Yes", we are entering back into the market and will post our free stock picks.

God Bless