Thanks very much for posting the article,
As for the wcii price,boy, wish i knew. If I believed we were going to test and break mon/tuesday's lows, i would sell out now, get in later or not at all--i want to become more risk averse. However, I believe we are in a recovery, to where?? who knows?? I have no faith in the 60-97 numbers anymore, unless you're thinking in terms of 2000, 2001, etc. Moreover, further asian and southamerican meltdowns(Brazil rating dropped today) will put us in a further bear market, if prolonged we will surely see single digits again. (Remember, i was the one who didn't want to contemplate the low 30s as a "buying opportunity". Hah! And, with just one misstep, we could join artt as a pariah. The russell continues to follow/lead the dow down--almost like there is no bottom. The economy is fundamentally sound, this "should" not be continuing, but it is. I have no hope whatsoever for a deal for at least 2 years--sorry, Rouhana's ego will not permit it, he can wait forever and surely cares nothing about our plight.
We need for the markets as a whole to stabilize, or to obtain credibility and visibility. We need to come to be seen as a relatively "safe" domestic play. Good Luck!!
I note, however, that we have seldom performed with the dow. So, perhaps opur "recovery" can lead the dow. FWIW, I have been forced to sell a few thousand wcii, sold some more today; need to be more defensive. I have "lost" an entire family retirement since June 10.Fear and greed. |
