The market is up, the market is down, it's up it's down, it's up it's down. It's meaningless. At the end of each day, including on BloggingStocks, you will find analysis resembling a sports play by play. Who cares? If you are worried about your investment portfolio because of short term market activity than you are invested in the wrong things.

For the past few days we've had a principal of a major foreign venture capital firm staying with us. He asked me what I thought the market was going to do and he was surprised when I said it did not matter to me. I was very comfortable with my entire portfolio. I asked him why it mattered to him and was shocked at his response, given the success of his firm. He said, and I quote, "are you kidding, I'm invested in junk!" For the record he has made a lot of money in his VC fund with successful start-ups. He has not done as well stock picking high flyers.

If you are invested in junk then you too should be worried. So get out of the junk, stop speculating and start investing. You will sleep better and make more money in the long run.

Here's my ranking of BloggingStocks Great Eight based based on the worry factor. From "sleep well" to "might lose some sleep", in groups of two:

Sleep Well:

1) General Electric (GE) & Wal-Mart (WMT)

2) Time Warner (TWX) & Microsoft (MSFT)

3) Apple (AAPL) & eBay (EBAY)

4) Yahoo (YHOO) & Google (GOOG)

 Might lose some sleep:

I do not consider any of our blogstocks to be junk but YHOO & GOOG are definitely speculative.

For a better night's sleep check out my recent posts: "Dividends are very sexy -- no joke" and "A bad rap for a bad market"