$Mogul, I know it buddy, I'm afraid people will be in shock.
Consumer is in record debt and starting to crack.
Profits went poof!
Companies can't make a dime in deflation, squeezed margins, and cut-throat competition.
True historical valuations will come with time.
I heard Office Max quit selling computers, don't know if it's true or not.
Big Dell sale coming up, 20% off stuff.
More layoffs coming.
Lower wages.
Higher cost for health care.
But the talking heads are telling everyone, don't sell now, it's too late to sell, oh boy. And, they try to convince everyone that if they stay in the game, they'll get their money back, and that their shredded portfolios will go back up.
I may never go long again. I might only short the bounces and bear market rallies.
I can't stand to watch CNBC anymore, they're all bullish, telling everyone to buy, big rebound coming. |
