<The thundering herd is going one way. I see Pezz and Maurice in its midst, euphoric, like in the days of old.>
Well, you'd better fire up the barbecue if you think that. But it's always amusing when people put me in a herd because it's the place I am most uncomfortable. I prefer to avoid a herd, even if the herd gets the new pasture and I have to scratch out a living in the hills.
<Again, as in March, be careful, because you are dancing with Maria, Abby, and Mary, and we are sipping drinks with Grossman, Buffet, and, oh, all them insiders, amused.> I do like female company. I'll leave you, Grossman and Buffet to sip drinks and grouch about the silly people having fun ... [who is Mary and I suppose Maria is the CNBC woman? - I don't receive CNBC. I guess Abbet is Abby Cohen.]
<Cash can make all the difference that freedom of timing selection can bring>. True, but very low margin levels give purchasing power too.
<The absolute downside to cash is more knowable over any period time than equity.> and both are zero. But at zero, there will a lot more wrong too! There will be guns in the street and a lot of executions being prepared.
<Some choose to risk the certain so as to take advantage of the uncertain.>
There is nothing very certain in the human monkey cage. I think productive, creative energy and the companies which have that are the most certain place to invest. But as you say, the music of the markets changes the mood and makes good and bad times to buy, or borrow, or lend, or sell.
Mqurice |
