The broader market has only a short life ahead of it. MLNK had better be able to go up when the broader market begins its descent.
Max, not busting you chops at all. Why do you feel the market is going to tank? I believe that the overall upswing has been too fast, and therefore will lead to a normal pullback/regression, prior to next 2010 upswing to 12,000. WS looks about a year ahead, whereas unemployment % is the last stat to recover. It's amazing that the bond funds are staying paralal with blue chip funds. Usually they diverse. Oh well, who knows?
Take care, JJ
Nearly every financial analyst is predicting a correction, pull back or double dip. Nearly every other analyst is citing that the global and national recovery is due to governmental stimulus of somekind. All government stimulus will end next year and interest rates along with unemployment rates will continue to rise. The States will begin to feel the effects of the end of this artificial infusion of fed money. There is no real driver to propell the stock market next year and beyond. I see 2010 as a very tough year for stocks in general. I was wondering if MLNK can weather a downturn in the stock market next year? I don't know.
What is truley amazing in this environment is many companies have used this opportunity to get their "house" in order.
Several well managed companied with strong balance sheets and no debt have implimented cost cutting efforts and gained efficiencies. These are just now emerging as stronger, healthier and more valuable companies.
Opportunities abound. I know my portfolio is not the only one up over 200% ytd. I expect another 30+% prior to years end. I like this overbought, has to pull back mentality. The longer it lasts the better off I am. jmho and g/l
That's your opinion. I started this cycle of accumulation in Feb when Warren and me were the only ones buying. I have several positions (over 10 right now) up over 500% since then. I hope the shorts short. They are going to get sooooooooo burned <JMHO> MLNK has much upside from here.