Pea-nuts.
Merryl Lynch fires 3400 employees. They have now every chance to make a frontend-way with McDonalds - "vom Millionär zum Tellerwäscher - the american nightmare".
I've lost a lot in the 3rd quarter - K. estimates 12%. Peanuts compared to 40%, n'est-ce pas? When I let stocks out of calculation, I'm happy with 3-4% loss.
I'm not happy as Berney - I'm fully invested. The old rule, buy on dips... That makes nervous, I agree with Berney.
As usual they are 2 possibilities:
1. Stocks will not rescue till the end of next year: I'll be a beggar.
2. Stocks will rescue anytime till the end of next year: I'll be rich.
OK - rich is a great word for peanuts - but I will earn more than everybody without stocks in his portfolio.
I will change it in DM and Pesetas - or EURO's - and invest in the German "Red Cross" - they must provide care-packets for the dying American economy. (g)
Berney, one personal word: the day after all world agree that we face a new rally, will be the day after - after you could buy at affordable prices.
OK - here in Almería (no photo, Steve, I regret) we have 6:30 pm - time to walk along the tiendas and bares, drink a café sólo pequeno, un cientotres (103) - or perhaps un zúmo de naranja natural?
Analuzía is a great region for wines - the Ingléses couldn't write and talk, so they distroyed "Jeréz" to "Sherry". BTW: You can buy books here in a fantastic variety - Spain has by far more books than every other country. Nearly no chain-stores, no magazines except "El Corte Inglés" (!!!), few fastfood.
Not only the wheather is better in Spain...
Happy trading (happy selling, you're nuts if you are invested...)
Jury |
