Jim:
I've got to agree that we're starting to see some pretty incredible values out there - as always with the caveat that they could get cheaper. For instance, EK will get cheaper today, CMB, which I own :>(, will get cheaper today.
I know this is a "value" thread, but we're starting to see some values in the not so usual places - possibly MSFT, INTC, MOT, ad nauseum. Not in the traditional sense, but in a relative sense.
The poorer the market performs prior to election day, IMHO, the more likely it will be that "W" wins IMHO. I don't know what that portends for the markets.
I do think that Mr. G's next move should be to ease - we're getting too many poor reports from major companies, and the wealth effect created from stock appreciation has almost completely dried up. Higher prices at the pump, lower prices in the stock markets = less spending and a softer economy. IMHO Mr. G eases once the election is a done deal. |
