Haim,If I have to express my own view on that market,I do not expect a big correction or crash from the current level.
I expect a STAGNATION for a long time and volatility.
Untill p/e will not reach a reasonable levels,we can stay in that range for a very LONG time.
I think,I will never be able to frame myself as a bull or bear,except the indexes.
I always try to find in a bear market some value, because I prefer to be on a buy side than on the short one.
I can short indexes or a big caps.I will NEVER touch
mid or small caps.
Coming back to VSH,bullish chart,but book value to high(12)
and not sexy.
I prefer a fibre,like WCOM,FTHL or very conservative like MO.
Nothing wrong to be bearish,I like bears,they wake me up....
Regards,
el paradisio |
