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I have been wrong too often, although I accurately predicted our present predicament when Mr. Rouhana did not deal. We were at risk, and that risk hit. Today may be the watershed day, dow off 450 and counting, Nas off 130!! For chrissakes! Russell 2000 off 33%. Yikes!!! This is a bear for all but LU, MSFT, GE etc. So we turn soon; i expect a reasonably good strategic announcement "soon", which might help. Rationally, capital shopuld be returning to domestic growth companies, safe from russian aids and asian malaise. Once such place is wcii. Only issue is will the avaerage mutual fund investor freak because of today. If so, redemptions will sweep over us like fog on the sound. I was a penniless orphan, so I've been here before; god bless those who have never seen bad economic times, it will build thweir character and the character of the nation. Thank God we're not in India. |
