Finally, the blow comes...

The market finally came to its senses today. Or so I feel. I thought this would happen way back but I think the year-end binge lasted a bit longer! Until yesterday the market tried to squeeze in good news out of whatever it can. But finally today it woke up. And not just woke up - it woke up screaming. I had thought that when oil rises above $66 a barrel it would be hard for the market to ignore. That's what you could see today. Suddenly all the fears came running. Earnings not good at Citigroup, GE. Apple, Yahoo, Ebay giving poor forcasts. All this finally took a toll on the market.

I should not be laughing today. I lost a chunk of money. I am in Google. And you know what happend to it today. Biggest percentage drop ever for the stock and that too on the biggest ever trading volume. But I was expecting it. So there was no panic. In fact, I took the opportunity to add some more to my position. I feel such a blow is good before earnings. It should temper the expectations a bit. That's what I am hoping for.