The recession is global but things are picking up everywhere. During the past week I have been in Taipei and Tokyo and business is fast (and much of it American companies)and it seems that labor shortages are the real problem. So our thin sliver of the world's population is no indicator at all. Agreed, technicals are voodoo without the dead chicken. This small investor is quite happy to have averaged down in FR while having the chance to do so, hope the same goes for the rest of you. good luck
I have been buying in the 2's, 3's and 4's.... I think I am ready to even start buying here again.. I believe Warren Buffett made this his #1 stock pick back in 2003, 04 or 05.. I have no idea.. but that is why I always kept my eye on it.. Being a broker in the business, these companies always end up with the best assets for the best pricing..
The trading today looks like buying with pauses letting some people take the 20-30% profit they have picked up in the last few weeks.. I think we could pop here in the next few days or weeks. Can't image there is someone dying to get out now at these levels.. Where are you going to put the cash.. Tech? Not bonds or gold at these levels.. Gold will par for the course..