Abe,
I also have shown very nice gains over the last couple of weeks. I have no concrete reasons for pessimism, just a feeling I've gotten from reading the news. Iraq situation, very high unemployment in Europe, continued problems in Asia, major layoffs by US firms, arrests in China, etc. In addition, there's some poor earnings surprises coming out by US firms. Many reporting good earnings are forecasting weakness.
Buffet has been selling stock, has put a lot of money in bonds and silver.
I just paid $1800 for a Fujitsu laptop that was selling for over $4000 two months ago. This is 2/3 the price of the lowest priced comparable US made laptop. The strong dollar and weak Yen effect.
As I say, nothing concrete, just finding a lot of negative news and very few reasons for optimism.
Ron |
