hawk~these things scare me too. I think it's time to start hoarding a little more cash. I don't see a reason to freak on the charts yet. I too am looking into defense issues, gold, and oil. I was going to buy MRKL yesterday at .133, DOH!
I realize I have a good possibility of being wrong, but I don't think the terrorist will be able to pull anything off the magnitude of 9/11. I know there is the dirty bomb theory, and that seems plausible, but I just don't want to think about that. you can't invest/trade with that sort of thing in mind.
Also, the powers at be, will do all they can to make the market recover after such an event. They won't want to show that a terrorist event can crash the market. They rallied the market out of 9/11 dip, IMO, for that very reason. I think they would do the same thing again. It would be hard not to panic in the moement, but it should be saved. Terrorist aren't going to stop this world from moving, so it shouldn't disrupt these little companies we trade too much.
Regardless, I'm bullish on gold, and having some of that in your portfolio could help smooth any rough spots over.
If you look at volatility, VIX, it shows the market very complacent. Not a good thing, and I see people voicing the same concerns as you hawk more lately. I am having them too. We are entering some of the worst months for the market.
To know the truth, one must get rid of knowledge, as nothing is more powerful and creative than emptiness.
