I haven't posted anything in the last few days because I'm out of all my long-term holdings, still doing some short-term trading. I think we will get to 1440 in S&P before we start selling off. We are in a bear market, there is no use buying anything here. I still like ACH because of its valuation, I still feel now that we can get that at a better price.

Here is something for whoever is interested to read more about psychological biases and what it takes to be successful. He is writing these for traders but the same principles apply to other professions too.

http://www.brettsteenbarger.com/articles.htm

Unless I feel that we are in a bull market I won't be updating much.