Markets as of 11/12/10

Interesting day with just about every equity sector going down, bonds down, gold down. Markets are now looking at Bad news and ignoring good news. For instance, the Michigan Consumer Confidence number came in today and was positive, which normally sends the equtiy market up. Markets just ignored it and kept going down. Question now is to determine if this shift in investor sentiment is short term and might change back next week, or if it is a structural type change and the markets will keep going down next week. It is too early to tell. I think Monday and Tuesday market action will give us the answer. Important not to panic, but stay diversified and stay disciplined. I will be moving some more money next week into safer investments regardless if stocks go up or down next week. I also still like Gold longer term and I am buying on price drops.