i think forbes is picking 290 as a technical indication of strength or weakness, not because of some special number that is a line in the deflationary/inflationary sand.
i still have a theory, that the price as indication is only short term useful. structurally, (historically speaking) either event, deflation/inflation, safe haven (primarily preservation of a value), will remain the primary function... and of course then, price being a part of demand and supply. demand drivers are what the fundamentalists are waiting to see come into play, beyond what has already taken place in the last 14 months. so far they've been quite right, though 14 months ago, that was somewhat hard to believe vs. think.
if greenie gets exactly what he wants, given the above, then we could see price limbo until he (his ecnomics) come out of balance. but at this level, given where you bought many of your shares, that's not a bad deal either assuming divvies and over time, further expectations of an eventual upside.
though i'd hate to be talking about that again in 20 years! <ng> |
