Hate to say " I told you so" but I tried to warn everybody back in January that single digit stock price was a possibility. The 1.3 b2b announced last quarter was obviously "booked" over a couple of quarters...not all shipped this quarter. The "trough" of 1st quarter and "stronger" second half of 2012 talk we heard back in 1st half of year just doesn't look good. I ain't a buyer here....better wait at least another 4-6 months and re-evaluate at that time.
I disagree on your time frame to buy CY and here is why!!
The Fed Funds HAS TO GO UP FROM ZERO to spur growth and create jobs.
Mr. Bernanke---has stated many, many, many times that Zero Fed Funds rate is here at least until the end of 2014. He certainly has the power to change that at any time---however; I note ---and PAY ATTENTION CY LOVERS TO THIS STATEMENT---Mr. Bernanke told Congress that TOTAL DISASTER IS CLOSER THAN YOU THINK!!
dumbo Senator Schumer of NY told Mr. Bernanke to "Go to Work!" ROFLMFAO! And this is after the Fed has already dumped trillions and trillions into the Economy.
A DOW 5,000 could look "great" if the Political element in this Country doesn't get off THEIR FAT BUTTS and get something done!
Hello Craig. Golf game's great! I've played a whopping 3 times this year. Company trip should bring me back to MB in September. In regards to your time line, please note my post said that investors should merely re-evaluate in 4-6 mos....not jump in by any means!!