Serge,
My what a difference one week makes !! It wasn't that long ago that all the "experts" claimed that this generation of investors were more savvy and patient and that no one would panic.
Despite having had the worse day of my investment carreer, I am much more bullish than you, Serge. Despite Clinton's perversions, the US economy has never been better. Low unemployment, near zero inflation and rock-bottom interest rates are still here. Russia is too small to matter and Japan slowing the economny in America just enough to keep Greenspan from raising interest rates. Combine these factors with the baby boomers aging and inheriting billions of extra cash to invest and we have the makings of several years of prosperity in equities ahead of us.
There's a ton of bargains out there. (CSCO,LU,MSFT all dropped over 10% today alone !!). And if your a NN long, $ 18.50 is a great price to buy and hold.
We may see some more rocky weather in the next few days but I think after the margin calls are covered, institutional buyers will jump back in and have a field day.
Good luck to all tomorrow. Or as Pat would say, "To better days ahead!)
Cheers,
Peppe |
