Sharck, thanks for asking. It has been extremely busy here. . . as the family prepares for the Holidays. . . and the business prepares for the opening of the website. There are many surprises coming in January.
Meanwhile, it looks like the Individual Investor just won't give up and die. So the water torture continues.
I'm having to re-draw the budget for 2001, considering that we are looking at certain recession. I would imagine that CEOs everywhere are spending the day considering changes they can make to best ride out the coming recession. Perhaps this will include cutbacks, layoffs, and expansion plans. . . . which further fuels the slowdown that brings recession.
Greenspan had his chance to be the hero. And I can't help but think that he and other FED directors were sending a message to politicians. . . that they could not be pressured. . . whether or not it was the "right" thing to do for the U.S. economy . . . . .and because of this latest action [or non-action], I would expect president-elect Bush to appoint a special counsel OVER the Federal Reserve, to make certain that the concerns of the U.S. economy are kept in the forefront of FED objectives.
I know this sounds like a broken record, but I am bargain hunting. I find LMG.a [Liberty Media / A.T. & T.] to be an absolute steal at under $12 bucks per share, with a PE of 10. . . if they were to sell the company, they could probably get 3 or more times that amount, IMO. And I love their holdings. . . and the way they cornered the market on movie/TV post-production. Another with a PE near 10 is WCOM. . . also with similar valuable holdings.
I can't help think that many of us will be kicking ourselves for not taking advantage of these extremely low prices in the "Very Best Companies in the United States of America."
Just heard that Arthur Leavitt was retiring. That is sad, as he has been doing a great job lately. Let's hope Bush appoints a real junk yard dog to that post.
How have you been, Sharck?
Rande Is |
