In the video I think I say something about China and how the shipping companies which rely on the export story are struggling (as noted in the Asia Trader column) and then I think I say something some of the ag stocks having bright prospects (as mentioned in the Abelson column) and tying that in with other stocks that capture the story on the ground like China Mobile (CHL), which is a client holding, some of the infrastructure stocks and so on being better ways, IMO, to buy the country but if you look at the scenery, well, who cares what I'm talking about.
Our little National Park and animal volunteer trip is coming to an end. Today we are driving back to Prescott. It is about a five hour drive and Joellyn is pretty stoked about listening to CNBC for that long.
Below are a couple of pictures of Bryce Canyon. I don't know if the video does it justice and I do not know if our pictures will either but it is truly an amazing place.
6 comments:
Roger,
have been missing your video. I have been at this game since 2007 and do not have the experience that you have. I am in the same camp as you which is that most likely the market will make another dive. On a fundemental basis I do no see anythink that will make it go back to S&P 666. Do you see any fundementals that make you think that we are in for trouble? Perhaps Bill B and RW or even others can pitch in.
Best,
Jeff from Milan, Italy
throughout the entire rally there have been signs of trouble but also positives (always the case). each person needs to weigh out both sides to form an opinion. if you want to know the bear side ofthe argument then read, schiff, mish, denninger and mauldin. I would not focus on their conclusions about magnitude so much as what leads them to their conclusions.
J from M:
John Hussman's weekly comments at hussmanfunds.com are a bit more dispassionate than some of those by Mish, etc.
His headline for this week's commentary: The Stock Market Has Never Been This (Intermediate-Term) Overbought
And the money quote: "I would be less than forthright, however, if I didn't admit that I suspect the current overbought condition may be cleared somewhat violently."
You can read the whole commentary to get an idea of where's he's coming from.
BillM
Personally I do not like Schiff.
I do like Mish a lot and feel Mauldin is very good at explaining how and why things work even if his predictions are not as clear.
The problem with these two is their underestimating how powerful this market is based on the Fed action IMO.
Roger- did you stop writing at Green Faucet?
I am no longer writing for GreenFaucet.
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