Just Another Blog
Tuesday, November 28, 2006
 
Cut and Run

That's what I'm doing with my old 401(k) this morning: gettting out. Yesterday may have been the first in a long line of down days. I know I'm always the pessimist in the market, and I've been wrong more often than I've been right. Merrill had run up to what I think were all time highs before puling back over the last couple of days. I had gotten in back in the low 60's, so I feel good about sitting out for a while now. I still like the company and will be back in probably some time in the new year, depending on how things continue to play out. I'd sure love to see some continuing downward pressure. In any case, the plan lets me trade commission free, so at least there's no transaction fees to worry about.