I jsut took a look at how the market is doing today...and it looks like the DOW is foing alright, but the rest of the market is moving down. This morning, there was a WSJ alert re Bear Stearns, again. A third Hedge Fund is in trouble. Yesterday, in my town, a major mortgage company announced that they did not have the funds to pay the morgages they controlled---big, bad, news for this area...the market has been 'correcting', coincidently, not because of....when OSTK won their lawsuit against the hedgies et al, last week, which allows 'discovery' that may show how corrupt and manipulated the funds, the SEC, blah blah, and on top of that, the events in the neighborhood surrounding Iraq, are getting a bit hairy. Pakistan had to go to the UAE to get the help they could not get from the US...China signed an agreement with France for Nuclear energy, while the US was stalling with India---and when China/France signed...all of a sudden, the SAME DAY as that announcement, the US decided to allow India to have weapons grade uranium for nuclear energy...last week....at the same time Argentina offered oil to Iran, circumventing the US sanctions against Iran...AND then there is what I deem 'THE SPIN'...on CNBC for instance when they try to rationalize why it is a good thing to short a stock instead of outright buy it, and the scare tactics that are coming out from this administration which now, today, I learned the Admin has been not only listening to our phone calls overseas without warrants, they have ALSO been reading our emails--all without warrants or any legal means to back it up.
My thinking suggests that people are pulling thier money out of the risky end of the markets, and putting it into the more stable companies, such as those on the Dow...which BTW, Murdoch got yesterday--and we ALL know there will be some changes to look forward to, there as well. Companies such as TKO are high risk...and the past few years, are low reward...and IMHO, I think it is too late for TKO to make its' mark, as we anticipated it would 3 and 4 years ago, but that is just my opinion. Remember when RFID was the big deal? Never hear about it anymore, time came, people invested, no longer on anyones radar. And nanotechnology? their time has passed, market wise as well. BPL and PLC had their time--but now tht time has passed as well....If the company was to make it big, they would have by now. Now GPS is the big deal, and solar, and wind, and nuclear, heck even stemcells has fallen off the radar for now. My point is this---there is so much turbulence in the world, and our home towns, that the stockmarket is declining as people pull their money out of anything that is not a SURE thing....And of late, TKO is not a sure thing anymore. We ALL had hope 4 and 5 years ago--but the little mistakes in judgement by the management, turned out to be a BIG HUGE ERROR for growing this company at the rate that this BPL/PLC market required, in order for them to position themselves as 'solid' enough for investors to be able to deem it 'a sure thing', beyond the 'growth period' that is allowably acceptable for new companies.
O
AI
