Quote:
Originally Posted by Carl Johnson
well said. and i'll give you credit for sticking to your bullish thesis in the face of market stress 2 weeks ago.
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i wouldn't say i'm fully "bullish" - but i don't believe we're in as bearish of a sitauation as the media was going on and on and on about.
we're still growing (and hopefully Q3 results this week will continue to show that) - hte media pisses me off, they're bipolar, they get on one side and run with it to the extreme (recession case in the last 2 months or so) - will they be all bullish now if Q3 results are good? i'd imagine yes, but i don't think that's the correct call - we're slowly muddling along, but we NEED to get rid of this high unemployment, we need to tighten belts and work hard, we need to up the maunfacturing capabilities in north america through use of technological advances/ridding ourselves of demands of uneducated ppl expecting to live a middle class life (a person born into a western country isn't born into the middle class, but they have great ability to become middle or even upper class through hard work, education, etc - but this is a seperate rant)
europe will sort itself out, as they can - 2008 was different, we couldn't really prevent that (again due to greed, lack of regulation, etc)- having said that, we are effectively kicking the can a long way down the road, there will be problems later on in europe related to this, but it will be a lot less bad than if we let it all blow up now, so on a net basis, we will be better off
and don't get me wrong, just because i'm more bullish doens't mean jack - i've held all my holdings throughout this down and up...i didn't see a need to sell, and given that i invest for the very long term (year to years), it is what it is - i wish i had more spare cash, as i would have picked up more bargains (oh the bargains that were out there) - having said that, we're not out of hte woods yet, this could all blow up in my face, and so be it... Q3 results, for starters will be HUGE... the continuation of European bank recapitalization will be the second stage
interesting times, for sure