Jack, too bearish for my taste, I do not like to find myself in the majority, where were these people in September, when I was singing that song? I think that they have their reasons for the near term decline wrong (that falacy about dicvidend rates of 1.4 to 1.6%, is ridiculous, it is more like 4% to 5% dividend yield and growing unlike the yield of 5.75% on treasuries which is not growing. Yet, short term and for the next five, six months, my turnips are still showing a down market, they do not like a lot of company but what can I do?
Zeev |
