of the folks i know who saw the tsunami coming from at least 24 months ago, and got hurt only slightly or, even in few cases, made money from the market during 2008, all are agreed that the nominal price low of the markets have already been and will not be breached.
i stand here, looking at all the carnage of the 98% of folks who did not see it coming, and the 2% referenced above, and figure, "what is wrong with this picture?".
attended a breguet-sponsored opening party last night for int'l chamber music event timeout.com.hk organized by wife and her cohort and featuring fine musicians, and there was much laughter from and merry-making amongst the 200 invited dinner guest, accompanied by good wine, fine food, as well as much usd 300k watches on display and on wrists.
i participated by eating, drinking, and watching, as opposed to participating, and looked at the crowds, especially the women, and thought again, "what is wrong with this picture?"
we will find out.
perhaps the april 19th martin armstrong turn date is just off by a few weeks, and we will go the lower than already lows.
so interesting.
recommendation: while mrm may be a buy at 3.00, suv may eventually be priced at 90% discount, so net net mrm may still win :0)
suggestion: survive so as to fight another day. |
