Ramsey,
Your post is typical of the Bears, and this is where I find the shortcoming, no offense intended. Yes Japan has a huge bank crisis(17%+ of GDP vs. ours in 90 at 3.2% of GDP). Japan also has a huge amount of cash, and can take care of their problems if they would only first admit to the extent of them. Who is running the Russian govt? Will this really impact an investors decision to buy AMAT? I think not, since there are few fabs, if any, in Russia.
how is China, Japan, Korea, Thailand .... going to deal with massive unemployment?........ who is going to bring peace to Indonesia, Malaysia and the region?......how is Brazil going to handle the next round national debt payments?
This is IMO the downfall of the Bears argument. If you look at the world environment at any given time, you will surely find a laundry list of reasons you could choose not to invest. But waiting for the perfect time, when there are no devaluations, or unemployment, or bank crises, or an outbreak of peace(God help us!), one will be waiting forever. If this is truly how you feel, you will never find opportunities, since there are always counterbalances to making any investment, whether it be in AMAT or gold or wheat.
BK |
