Monday, October 6, 2008

Market Watch: Don't Panic

Mob behavior can be quite intimidating.  While I'm no financial expect, I did spend seventeen years in the financial service industry, once upon a time.  One of the most compelling reasons for investing in American companies is the proliferation of aging baby-boomers.  This segment of the population, collectively, has amassed huge savings in anticipation of retirement.  Where are they going to safeguard their money?  Under the mattress?  CDs?  Bank savings accounts?  Gold at this level?  No.  They are going to be very selective in investing in good, solid growth American companies.  This is a good time for bargain hunters.  

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