First of all, nobody ever heard of Fred Hickey until that interview...<g> I think it's now in high vogue for all the pessimists to come out of the woodwork crying, "I told you so." Heck, even a broken clock is right twice a day... Hickey is calling for a recession/depression... the only problem with that hypothesis is that business inventories are not high enough to cause that kind of a slow down, inventories are not back up... we'll have our recession, maybe not a bad as currently touted by many, and then these markets will recover... I still maintain this is the time to be looking for bargains, not to sell out because of some impending disaster..... (famous last words)...<g> there are far more highly reliable and highly respected Wall Street analysts that are rather bullish looking through a 12-24 month time frame window..... I think cooler heads will prevail as they always have..... I'm not blind to the fact that these markets have been taking a pounding, but these are golden opportunities, this is a time to be excited about tomorrow... this quarter's poor earnings reports are tomorrow's big positive surprises... on Monday, October 19, 1987 when the DOW dropped 508 points, I was buying everything in sight... my wife said, "Everything's on sale, 1/3 off," and she was right...<g> okay, so that was my long answer... my short answer is this, that guy doesn't know what he's talking about.....<g>
GZ |
