Ramsey you seem to be a smart guy, your interviewed by magazines and always make well thought out Posts. The last one about your Hong Kong friend is sheer nonsense. If one factory in Hong Kong is uncompetitive and cant sell jeans to Japan and Korea who cares. The garment business is unbelievably competitive,. Your friend's problem has more to do with currency exchange then anything else. I can counter that with my father in law does business in Korea, Russia, All of Asia and Japan. He tells me his business there is unbelievable. He tells me there some credit problems, and currency headaches but in a reasonable amount of time, his friends, say things will get straightened out. I don't necessarily believe him, nor your friends. It is to dependent on what industry that person is in. The fact remains that overall sentiment indicators are hitting bottom or improving(less down) in Asia. It is no way going to be a cake walk, and there are surly more bumps ahead. However your gloom and doom predictions are highly unlikely. The Japanese have not even begun their fiscal stimulus and you have written them off. Irrespective of any of this, these factors are priced into the stocks(at least 80% of it). We in the early 90's had a virtual depression in NYC. At the bottom of it, we all felt like you do right now. I was buying buildings from the FDIC, and Citibank for 20 cents on the dollar. I yearn for that opportunity now in equities. We all know Q will have earnings in line or better, yet the stock keeps going down. Ihave a dozen stocks just like Q. Also remember the same fars drove Q to 47 3-4weeks before earnings. When earnings come they will rally! The bear is almost dead!
I think it is?
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