John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: carranza2 who wrote (10023)	9/18/2008 12:39:20 PM
From: The Ox	2 Recommendations Read Replies (1) of 33421

Excellent reply. After reading what I wrote earlier today, it may come off a little harsher (to other readers) then I originally intended? We've seen a lot of company's stock prices fall substantially due to this turmoil. A few old line, Wall St. entities have been wiped off the map and many segments within these defunct companies are now assets of their competitors. I keep coming back to the "creative destruction" principle. Its bad but not as bad as it seems. I say this because we keep hearing the Chicken Little call that the sky is INDEED falling. I guess I haven't reached the point where I would agree with the last statement. Many others have. Bankers and investment firms often live in glass houses. When that glass is shattering all around them, they can't see the rest of the world. Only their crumbling empires. Yet there is a "real world" that will survive even this latest implosion. Babies are being tossed out with the bathwater. Over reactions are everywhere. Sell first, ask questions later. This creates one hell of an investment landscape. Pick out the proper horizon and profit handsomely. Good luck with your approach! TO

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