It's the panic du jour. Yesterday it was the Wuflu. Day before...

It's the panic du jour. Yesterday it was the Wuflu. Day before yesterday it was renewable energy. Day before that, global warming. Day before that, forgotten already. Saddam Hussein and Osama bin Laden, who were they, were they directors of that company that went bust - what was it called - Enman Brothers or Lehron or something? Tomorrow it will be .... who knows. Just stick your money in good companies, close your eyes and stay put.

And BTW POO is NOT demand-driven, it is supply driven. Vlad and MBS cut, POO goes up. Vlad and MBS pump, POO goes down. Everyone gets into their cars and drives round in circles for a month, POO doesn't even notice.

BPT disappointed today, but it's a pattern that a SP on a long upward trend will have a jolting downturn from time to time. It's the market shaking out weak hands. Trouble is, you don't know till later that it wasn't the end of the uptrend. So close your eyes and stay put, but you can open again next week and see what it was.