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To: JSB who wrote (104008)8/29/2011 2:52:04 PM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
I am sticking a finger in the wind to see if anything really shifted. Could be that much of the crap this year has simply been about perceptions, and they are now the market.

For the moment, BAC won't collapse, US economic data is mixed instead of terrible, Germany-France-Italy are not making headlines, etc. Certainly something has prompted buyers to get back into the market. Let's hope it's old-fashioned valuation.

The stuff I bought today should be fairly resilient within 10-15% of current prices. They are all very strong franchises with no holes in their current operations.