These are nervous times. After Bill Clinton, the skin is raw. Friday was a day that tests your commitment to intellectual versus emotional investing. Remember the market, from a psychological point of view, gives you the opposite signal. In general, you want to buy when they are selling and sell when they are buying.
Downside risk is minimal at present.
There was profit taking, but it was on low volume. We believe we are at the beginning of the new bull market. It is very difficult to call the absolute bottom. We may not be there yet. There isn't much in the West that she hasn't seen or heard, so if you have a personal or social dilemma, you can ask Mama Sierra.