The time to buy is when blood is running in the streets. For stock trading, this is new terrain. The blood is not yet running, but there is an abundance of hemorrhaging from many houses or nations across the globe.

I’ve been up in the wee hours to watch the Asian markets, then the European markets. I can’t sleep anyhow, so I might as well try to do something. Yet, when I come upon what looks like a buy, I’m held back, because the action or inaction of the European Union or its individual nations, gives me great pause to think.

Stop and think that they have an even lesser handle on this global rolling crisis. The European Union is supposed to act in concert, but has yet been able to do so. I try to read the reaction to different events on the online stock trading site, but often nobody has anything unique to articulate.
This is causing the dollar to rise. Despite the troubles here, the United States is still being regarded as a safe haven. Amazing!

Even the Pope has weighed in. He has warned that the world’s economy is built on “sand”. Sitting where I sit, I wonder if it’s even built on that solid a base.

Tomorrow, being my own online stock broker, I’m going to check all the consumer stocks in all the sectors, from drugs to food staples.
I’ll look for value, and see which ones might have the strongest brands. Caution is needed, though, because sometimes these are not always the best buys.

A number of them, like Home Depot, face an unpredictable and squeezed consumer, but also face stiffer competition from the likes of Lowes.

Still, if oil continues to fall, it should bode better for consumer stocks as a whole. It might be worth looking into a mutual fund or an ETF, but after it’s all thought out and looked at, I’m still looking fondly at cash. But cash will yield virtually no return and, with inflation, actually lose me money.

The blood is not yet running in the streets, but I want to be ready when it is.

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