In early trading this morning all major indices were taking their hits on renewed concerns about Europe’s debt problems. Lets see if bargain hunters step in today or if fear will rule the days action. The Vix (fear gauge) is up over 20% this morning, so lets see how the rest of the day fares. Select small caps are holding in the midst of the large cap sell off. Patience in this type of environment is essential.

Good luck to all.

~George

Quite a busy weekend, between Warren Buffett declaring continued support for Goldman Sachs even as they are under attack and now the Euro partners agree on $147B Greek bailout.

Also interesting article over the weekend in the Wall Street Journal on the outperformance of the Small Cap marketplace. Looks to be setting up as a potentially bullish week across the board.

Happy Investing.

~George

Unnerving as the markets were this week the Dow held 11,000 even though Goldman Sachs is being attacked from multiple agencies now and the Greek crisis is seemingly picking up steam. Good news for Goldman is that Warren Buffett of famed Berkshire Hathaway today declared his support for the company and said he has no plans to sell his stake in the bank. Makes you wonder what the real motives of these attacks are? For the most part small caps held their own as well. Trying to figure out the strength of the market is a daunting task however as the saying goes “don’t fight the tape” or will the perennial “sell in May and go away” theory apply? As long as we continue to have a low interest rate environment coupled with strong earnings, the bulls may stay in charge for a while.  Lets see what kind of investing opportunities come up in May. Good luck to all.

~George