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Non-Tech : All Industries Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (2663)	7/11/2011 9:49:56 AM
From: John Vosilla	Read Replies (1) \| Respond to of 13719

I trusted the rally every pullback because of operating cash flow yields versus cost of capital for the strong survivors coming out of the great recession. Market is just extended near term was all I was pointing out even though many great individual values and way too many loaded up on the short side for the guaranteed 'kill' with the end of QE2 and the whole unknown with austerity, Greece ect.. I think we are higher at the end of the year but expect 1 or 2 drops for a much better reentry point for the year end rally 'guaranteed' in this third yr election if that makes sense.. We had big draw downs in 1994, 1997 and 1998 during the boom period when we really had a good economy with low oil prices.. In the end it is part real/part casino anyway and never get arrogant or cocky with this stuff... Yeah 'gold to the moon' according to your goldbug buddies the ultimate suckers bet today guaranteed to get slaughtered when they least expect it as will longs when the economy gets much stronger and margins compressed for multinationals..