It has been a bad market, agreed.Orb has really taken a knock here however. I can only think that Obama's nomination might have triggered this. We are now at pre first quarter earnings price per share level. Is it a buy Clamdigger? I would say yes for sure,but I might have said the same thing a few days back. Are we missing something here?
I agree about the Obomba cloud of uncertainty over all the defense stocks (e.g. ITA). McCain has not really distinguished himself in this arena either IMO. But lets face it Big Defense is here to stay when the senators get down to voting ...as all the rogue and semi-rogue totalitarian nations start rattling their chains to see if the new jailkeeper is a wimp.
Blah, blah, I'm thinking about reloading the truck with some ORB when I am convinced the chart has bottomed ...soon, I think.
Could well be an Obama effect because he really has little foreign policy experience or background. That is why it is crucial for him to pick a VP running mate with that type of policy background as I believe he is somewhat naive on that front. McCain, on the other hand, has little clue of domestic policies and economics so he needs to go the other way. Some groups, unaware of how the American political system of checks and balances works, are suggesting that Obama will have totalitarian control as in Russia or that McCain will launch a war on Iran or unilaterally ban abortions. Ah! The American political circus--gotta love it.