WIN

WIN:: "Whats Important Now" Investors can't look back..they don't have that luxury...winners need to win....and they focus in the now. They have short memories!

The stock market correction is only off some 3 or 4%....but as usual most stocks are off ten to twenty percent...that is the true market....the indexes are wildly influenced by the largest cap stocks..

We were right in our last post for a market correction..but really wrong on the stock selections or groups. Interestingly with all the hype on gold...it is simply unchanged year to date....it is way up if you own in it in Russia or other imploding countries currencies....that is how it works..the flight to the US Dollar is simply a flight to perceived liquidity and safety. Oil too is simply back to where it started the year.

Nothing is getting done or properly reported because of the pending elections next month. Its all politics for now.

As the world stagnates waiting for the USA to return to some form of leadership (two years away)...there should be no surprise everything is on hold....deflationary scares will continue to be the norm....and high debt levels sting with no growth or inflation.

The stock market continues to narrow in its remaining leadership...especially into the largest capitalized companies ..perceived again to be safe.

Brazil is almost out of water just like California already is....that would have been unthinkable a few years ago.

Noteworthy on China and their recent protests....Hong Kong listed companies are worth $636 billion...which is only 14% of the combined $4.6 trillion value of the Shanghai and Shenzhen exchanges...China is now a big stock market when combined...only a very small part is open to foreign investment. When we travel the most common new phenomena is the Chinese tourist...they are everywhere!

More comments/ advice from the worlds greatest living investor.

-) "You only have to do a very few things right in your life so long as you don't do too many things wrong."
-) His company's success was based on not moving managers around to new divisions.....this is contrary to most companies today who move senior management all over the world....they simply left them in place.
-) His team knows what they know and what they don't know....so they focus on what they know and have done well doing so.
-) Probably their greatest asset has been patience. They are not rushed to invest.

Oh and by the way...they said they don't see anything to invest in today.
--------------------------------------------------------------------------------------------------------------------------

One of the greatest living coaches said the other day......"if you feel pressure and or are nervous it simply is because you are not prepared....so be prepared!"


The markets are making a lot of people very nervous today.....and they should be...not a whole lot makes sense right now....so we like others feel no real sense of urgency to do much of anything in terms of investments...for now....we are getting prepared and remain focused on what we know!


Danny Boy seen here is only thinking about what he enjoys best right now....and is not nervous.