The overseas markets have been in a bear market for about a month now. Whether this is the second leg down that I am anticipating or not, this market is saying "short me" that is where the money is being made now. If we close tomorrow down double digits, the USA may be moving into its own bear market as well. Time will tell.
However, Europeon money is flowing into our bonds and eventually will move into our stocks as the EU continues down the drain. At some point in time, we might hear about the death of the Euro as a currency????
As long a money flows into the dollar, oil heads lower....
Thank you for the kind words. I get the feeling that I would not be the only one in the lfeboat with you if it came to that.
And I agree that this is a market selloff and not and NN thing. There has been no news but fair to good news as of later for NN where as the jobs numbers, the home sales, and the Euro have all take a hit at the market.
But that siad, like Cully, Tight, Jim, Marley and others here who have monies on the side right now, we may see another great stock on sale soon. If I find one I wll wave the flag here and would appreciate others doing the same!
Again thanks for the kind words, I would want you in my lifeboat as well.
I remember you had the opportunity to get in 2.60-2.70 and change and run close to $5,, but I don't think you pulled the trigger on anything...Just stalking and typing looking for any response. Must be starving for attention.
Did you at least get that ski vacation to Vermont and find a girlfriend in February/March?