Archive - Feb 12, 2009

A common query among most equity market participants is when is it time to buy. Timing a market bottom is usually a very dangerous play and it traditionally makes sense in the context of cost averaging down (assuming one doesn't make a 20% return overnight), and of a significant liquidity backstop. In other words neither we, nor any responsible financial advisor, will ever recommend betting even half the farm on a hunch, based on technicals, fundamentals, tea leaves, kaballah or other sound investing methods.

Barry Minkow strikes again - Patrick Avery, President and COO of fertilizer maker Intrepid Potash was made redundant today after Fraud Discovery Institute earlier announced and later the company confirmed that Avery had previously lied about two college degrees.