MK, I only wish I still had some MSPG. I also wish I hadn't been so lucky to make money on EGRP's collapse last fall. Confusing luck for brains (me or the market), I've flushed all of last year's big gains down toilet betting that sanity would return to 'net stocks and to the market in general. The bubble just gets bigger and bigger.
It will burst, and the higher it goes beforehand, the worse the effects. Look at Japan.
Speaking of Asia, did you notice the new accounting rules for Japanese banks? Seems that they no longer have to write down stocks they own below their cost. Hmm, higher of cost or market. Interesting concept. The way things are going, some of them could soon have a negative net worth, but no one will know.
Oh, what's happening in Korea? Down 6.4% as I write.
Hope all is well with you.
Bob |
