Islander, the time will come when those people at Wharton will be right, we will have a bear market and valuations will deflate, but until we do, the market is awash with liquidity, and more is coming out of Japan soon, this liquidity is going to go after fast growth, not value, until we start and see the mania cool off. In the meanwhile, the trend is your friend, and if RMBS does not breach $401, the trend is still up, IMHO. That is coming from someone that left this bus the last time at $327, and I have no problems whatsoever for having left a lot on the table, I think the table will come back to me (VBG). Come to think of it I had such a grand day yesterday that I have forgiven myself my folly of getting off the bus (VVBG).
Zeev |
