Despite the mid-day collapse, my portfolio still managed to squeeze higher, on the backs of everything but AEC (which God himself has cursed).
Resting with 25% cash, I cannot say I am too concerned with the prospect of continued weakness. However, I find myself rooting for further upside here – why not, let’s really live up the “hope trade”? Winter is coming, people, and with it will come renewed calls for “a bottoming process”.
Everyone fell for it for the last two years, why not again? As soon as winter holiday activity blips, analysts will be tripping over themselves for forcasts growth in everything from housing, to retail consumption, to manufacturing activity.
It is odd, no, that we have come to talking incessantly about growth in the winter?
The situation warrants close monitoring. I’ll give the prospect of a rally a little longer to materialize.
Meanwhile, oil is getting ever closer to feeling the first pinch of my bite. Soon. Soooooon.
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mr. cain, just was lookin at box, 7% div. last qt. beat but missed on revs. do u have an opinion on this? im doing work on it now. japans export numbers might work against this one but it might be a buy later.imo
The company looks awesome, is faired priced here, and has no large problems in the books, as I see them.
I’m going to pass investing myself for the same reason I’m going to avoid the shippers at large. Protectionism could rear its ugly head. And keep in mind that in many ways, this company is pegged to the well being of the BDI.
Still, no arguing that they’re doing well. Definitely worth a look at $18.