I agree with most of your points, and today's Barron's was particularly steeped in gloom, so from a contrarian's point of view, may be a good sign. Long Term Capital is not alone in this hedge fund mess, and with LTC's two Nobel prize winners, track records may be of some value as indicators, but certainly no guaranty of accuracy. I read the article and decided to post part of it, as there had been no activity here for a few days. I do, however, believe that though SETO's products are being primarily exported to the US, the Malaysian political climate will obviously have some bearing on the treatment of domestic and foreign based companies, and the economic policy making of their government. I'm still here holding long, and will wait this turmoil out.
Mike |
