I think the current stock market situation was well-summed-up by this headline that I saw last week: “A Crisis That Markets Can’t Grasp.” While the article was about Japan, its point that, “ There is still no clear consensus about how far the economic shocks will reverberate” tells you a lot about today’s market. Uncertainty is the name of the game today. The best advice for today’s situation seems to be to stay defensive and to hold off on new buying until things stop going down. For growth investors, that may mean selling some of your weakest holdings. However, it...
