February 02, 2009
– Comments (3)
is a certainty, who ever is buying right now is nuts.
normally, i'd say a guy with a bull as his avatar going bearish would be a big contrarian indicator, but in this case i tend to agree.
Eh bought some more GE at 11.50. And will load up if it ever went single digits. I think you are right that we could retest the low, but we are simply running out of bad news now. What would cause a high volume selloff at this point? I don't know. Seems downside risk is now less and upside gain higher long term.
I second awallejr - when over half of MF's bloggers are going to the darkside (alstry's side), I think it is time to buy in, and hold.
The world isn't ending, I don't think a great world war is looming, we are in a period of relative peace and prosperity. Economies in the world are still growing in China and South America. The sickness is just bad lending for over building of houses - this should not mean the end of all business... that is my perspective.