Soccer practice started Wednesday for the little guy. The parents were chatting and one conversation surprised me with the number of teachers in San Mateo County (several who taught at my son's grade school) who had been laid off. The coach himself (an ex-IT project manager) has been unemployed for over 2 years.
On the other hand, the playing fields of all the local schools have been/will be re-sod, and the kids are playing on new grass. The local hospital is two months away from opening the doors to its new state-of-the-art (and seismically sound) facility.
I find myself thinking the market sells off to yearly lows over the next two months.
On the other hand, I'm leaning towards opening positions in companies with battered share prices.
Transitional periods are always difficult to navigate. When it's all going down or all going up, it comes down to going short or going long. When divergences abound, it comes down to picking sectors and/or companies (or sitting on the sidelines).
The next wave of economic prosperity will arrive at some point, as it always does. Certain sectors will lift, while others are left behind- or at least late to join the party. I can see the need for technology, in particular the need for secure technology- so I like INTC at current prices.