Saturday, January 5, 2008

At 12,800

The market was d-o-w-n yesterday big time. I'm not completely sure why. Some reports were negative is all I can figure.

Let's reflect on 2007 when the market hit a high mark at 13,000. That's right, 13,000 was a record last year.

It went on to touch at 14,000 but that passed quickly.

What do I think? For now, we are in the market long term. Our largest holdings are in mutual funds that are either an index of the Russell 2,000 or are balanced mutual funds with stock holdings that are in large cap stocks.

Let me just tell you that we just mail in our 2007 Roth contributions (into the index fund) and our 2008 HSA contributions (into one of the balanced funds).

Let's hope we hit a buying opportunity.

'til later

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