Phew! Stock Market Correction is Over!

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Actually I have no idea if the correction but it truly amazes when the market goes down for a stretch the extent to which pundits all pile on that it is going lower then the market has a day like yesterday and we hear about earnings growth and stronger economy.

However bad or good things were on Friday, it is no different after yesterday. This would again seem to be a good time to talk about remaining disciplined to whatever strategy was laid out before the market started selling off and when there was no emotion involved--if you even believe in a defensive strategy.

It is always worth repeating; when the market is doing well, everyone will tell you that of course the market goes down every so often but that is no problem. Then the market starts going down many of those same people will have a serious problem.

The market will have ups and downs and no one will get all of them right. But you can use a strategy that you have some reasonable basis to expect will work more often than not which combined with an adequate savings rate can give leave you with enough money when you need it.

Monday had calmer winds at the Gladiator Fire which is a positive but winds are expected to increase for the rest of the week. The work done on the fireline that is the most obvious threat to Walker has been fantastic but the concern would be if winds do pick up and launch embers out past the fireline such that it torches up and makes a run in our direction.

For now the work on our end remains going to meetings, putting out a lot of emails and answering a lot of phone calls. We are trying to discourage people from coming up here later in the week in case there is an evacuation notice issued at that time. Our best estimate is that the population doubles for the typical Memorial Day because of the holiday and the annual meetings in Walker and the adjoining community. For now an evacuation is absolutely possible but remains improbable. Lets hope that stays the case.