The correction yesterday, following the European official that mentioned the possibility of inflation, coupled with the fact that Baidu (the Asian Google), did not perform as well as expected, took many people by surprise.
I was amazed that for the first time that I remember, a foreign Internet stock might have something to do with the US equity markets displaying weakness. I think this says several things that all relate to restructuring your equity holdings.
Sometimes when we are real lucky, the market will give us a sign. Much like the small tremors prior to an earthquake. That is the way I look at yesterday.
Many companies are reporting earnings in the next 4 weeks. This might represent a great time to be in the stock market.
Take a look at energy related options. I personally like MEE. Massey Energy has a lot of room to head north, when you look at stock price over earnings.
Good Fortune!
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