Michael, it's hard to get excited about 25 when I never thought we would get there to begin with just a few weeks ago -- let alone yesterday's close. Remind me to write deep in the money calls next Labor Day weekend, please.
Nevertheless, I am glad to see the rebound and hopefully some sanity will return to the market. Just wish I had bought my leaps and calls a few weeks later, since as of yesterday's close they stood at roughly half of the original purchase price. Today they are up about 50%. Would of, could of, should of...
Trading at 16 times next year's earnings and nobody is talking about that on TV when they ask about bargains. That is disappointing, but every dog has its day, and ours is getting closer and closer.
Best, |
