The news cycle seems to be saying that it is time to panic. Again… Panic doesn’t help, so we will remain calm and look for opportunities while others panic…

The Financial problems in the Eurozone are in the market news again today. This time it is Cyprus. Since we are all looking for a reason for the recent rally to end, this might just be it.

Is this a surprise? Nope. The Eurozone problems are nothing new but the market sends us signals and sometimes we will all react to a signal in the same way and move the market. Most analysts seem ready for a pullback from the rally highs. So is this Eurozone news the catalyst that will be the start of a market pull back? I don’t know. I can’t predict the future, but markets were down in the Asia/Pacific Region, Europe and the US is opening down. So that is a clue that something is happening.

Who knows how much this will change things by the end of the week, if at all. For now it is something we need to be aware of and react accordingly.

I missed the rally. I have been in all cash. So the time for me to get in the market is coming. Will this be a pullback that creates a buying opportunity? Will it be a non event or maybe the beginning of a crash? You never know…

So I have to deploy resources strategically, planning for a buy if the pullback comes and having a plan to protect myself if I am wrong. While the others out there panic, I will remain calm, watch, learn and work to take advantage of the right opportunities.