While I mentioned earlier in the day that the stock market had already discounted several of the concerns I've voiced over the past 3 months, it appears panic has set in and traders/investors are selling out of stocks at a very aggressive pace into more conservative investments such as cash and government bonds. Like I said, when panic and fear start to set in, the market (and stocks in general) begin to become more attractive; normally I would be opportunistic and start to slowly buy stocks as they drop, but it feels like this downward move could continue as panic and fear grow...so I'll continue to sit on my hands and wait for a better opportunity to emerge.
Just not quite ready to yet...
