Market crash?

What's going on and what I am doing now.

Nobody knows what is happening in the next few days and weeks.

Where do I stand? On the side of optimistic rationality.

I waited for this correction for a few months and it never materialized.

Then I decided to add to my POTS (portfolios) some names... and after a week... the correction materialized!

I do need to train my patience more.

The Nasdaq today is at about -7% below its peak on September 6th.

I was expecting a 5% correction. More than that I believe is a great buying opportunity.

Yes, I believe this is a good time to add to my POTS.

Is the correction over? Nobody knows.

I am investing for the very long term and as long as the trend is UP and credit is available to businesses with ease there is no reason to change my long-term strategy.

See how much businesses are concerned with credit right now:

Source: www.yardeni.com

Credit conditions are healthy, money supply abundant.

And, last but not least, the market needed this correction to get back to more realistic valuations.

As David Gardne…