Big Board Toolbox

[boca_bobby]

Good morning toolbox fans,

I simply stayed away yesterday. The worst thing anyone can do, imo, is trade on emotion. I saw all the bad news on Sunday night. I then tuned into Bloomberg Asia into the early AM hours on Monday morning.

Things just looked horrible. And when I awoke and saw that Europe followed suit with a down day, you didn't need to be a rocket scientist to know we were going down. But call me crazy but I really do feel the worst is now behind us.

I will not battle against the FEDS here. There is no way, IMO, the current administration will sit idle while the economy goes into the toliet. We are in an election year after all!

The FEDS have all the tools. It's not like they are spending their money! As soon as they wake up to the fact that this market needs help in the housing sector, we start our recovery. I have been starting to hear more and more analysts speak about the mortgage problems that need drastic help.

I'm not calling this a bottom since I'm not a fortune teller. But I do know the FEDS will spend like it's water to make sure their guy gets in the White House this November. What a great way for them to act like the "white knight" that came to save the day!

No one ever makes money by panic. So I knew that I needed to step away for a day. Or I would ahve sold for huge losses yesterday in the sake of preserving capital. Now we are ready for a big turn up today. Hopefully I can get a few profits and set up for more opportunities.

Let's keep working hard and stay focused. But most of all......

Let's go make that money!

Boca_Bobby