A Sea of Red - Oct 2014

Judging from all the news that abound, it would seem like the market has met Dooms Day. World news would seem to back up the argument:

• Ebola virus
• ISIS in middle-east
• Ukraine crisis and a resurgent Russia
• Stagnation of Japan
• Protests in Hong Kong
• Weakening China market that continues to flex its military muscle in the Asia-Pacific region
• Drop in oil prices
• Softening commodities negatively affecting Australia
• Possible accounting issues at Tesco impacting Berkshire Hathaway
• US companies running away from its home soil to avoid tax

The list goes on and on. Yet, has the market corrected beyond 10%? Apparently not, or maybe just not yet. 

The talking heads will probably be either (a) spreading the gloom and doom story, or (b) "Opportunities will again present itself in this time of fear. Time to find good stock to invest in. But patience may be needed."

Basically, they don't know any better. After all, why would they? They are not clairvoyant and don't have any all-seeing eye either. But where fear and doom abound, there are always opportunities. 

Companies are still selling their products and continue to make money. I will certainly still need the toothpaste, shampoo, medicine, food, use my mobile, surf the net, watch my cable TV, shop at the malls, etc. Life goes on.