Jury, Steve,
This is amazing. Do I understand correctly that two of the best dudes are both substantially on the sidelines?
OK. So what are your targets for getting back in, or don't you set them ahead of time? I appreciate Jury's list of what you got out of, but several are stocks which seem to be getting close to where I would jump in. I'm down to holdings in CSCO and RMBS, which look healthy, and CAT and ALK, which don't. What do we go fishing for, and when?
Steve, your general analysis of the american scene is excellent. There is something important about the health needs of the WWII generation, and the rollover of (enormous) remaining wealth to their boomer children.
Thoughts?
Regards,
Marc
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