Off Topic WSW
Joe, it was more the fact that he didn't say anything. He wasn't energetic or his normal cheery self with lots of witty comments poking jabs at the pundits, the normal Lou just wasn't there and he didn't have that exhuberance in his eyes or voice. Perhaps he was fighting off a cold or pre-flu, although he didn't sound sick.
None of the heavy hitters as I call them were on the panel. Maybe they were in late meetings at their offices plotting strategy? This is all conjecture on my part.
Allen Bond was the only one with some positive comments that there were some real values out there now after all the recent drop, but he even he was a little hedgy/edgy.
The other 2 panelists, look for some more pressure to the downside. They think the market is overvalued. Keep in mind, the one lady is the one that Lou always pokes fun at for being such a bear, sorry can't remember her name. She has been bearish for some time now. The funny thing was when Loe asked her, where would she put her money then? She smiled and said, well stocks, selectively. I'm paraphrasing everything and trying to keep it brief.
The guest, didn't seemed phased by Hong Kong much. He invests in big caps and rotates from ones that have had good runs. Being invested in the companies he is in, he feels safe and invests in those that he thinks have some real value. He seemed over all bullish to me and had did calm my nerves a bit<g>.
My over all feeling from the show is that, we are near the bottom. But there is still some room for some stocks to still drop further. If you are in value and undervalued stocks you will be ok. But stocks with high mutliples will still drop. Stocks will still be the best place to have your money in the coming year. |
