Bill,
I'm waiting for the DOW to nosedive. Until it does, (and takes the NAZ with it), we're sitting ducks, my friend.
It makes a difference to me. A while ago I mentioned to uf that we'd see 2800. (We were at 3200 or so at the time.) I would not be at all surprised to watch 1800...from below! The difference? Count your shares.
I'm just guessing, but two years from now, (when I can relax for having bought near the lows), my share counts will be much higher, my gains that much greater.
I see the Dems are poking at dubya for telling us he sees signs of economic trouble ahead. Duh! Year ago I agreed with AG that we should use budget surplus to pay back treasury debt. Today, I think dubya is right that we should have a tax cut. The stock market is predicting again, and I hope AG is paying attention. The 1/2 point needs to come out in January, and if we only get 1/4th, I'll wait til mid-March. AG is clearly not going to panic, but his deliberateness last week was a sugar coated danger sign for me, though others "spin" it the other way.
Ho, ho, ho. Sorry about my Merry Christmas views for those who are still long and not preserving capital. Why am I not short? Because of false rally days like today.
I do have one holding. ETYS. Would you guys believe I hold 20,000 shares...at an average price under $0.20 each? If I lose it all, it's no big deal. If somebody bails them out, I may do OK. Salvage value is about $200,000,000. Shares out are 159,000,000. It could be a short term six bagger, and since I'm a betting man....
Chaz |
