Thoughts from an old man...
All this talk of the market going down to 1929 levels and the market being in freefall tomorrow and next week seem a little self destructive to me.. The most bearish among us and that give the us the most negative opinion,, are in cash and have been so for as long as I can remember.. If I was to take a quick look a the performance of the stocks that we follow and how they have held up I need to go no further than BTHB which as of today's close is up 4.88% since the start of the contest in early Jan. 2008..
As I said "up" it should demonstrate that as a collective group we shine and our collective minds beat any of the pundants of doom and gloom that seem to appear on any down day on CNBC... Boone Pickens (who I respect) appears and forcasts that Oil will go down and it has gone up 12%.. Long term he might be right but at present he's not.. Interest rates that were to rise because inflation was around the corner are 40% lower and finanical community which has been parking bad paper in the hands of thier Bagholders are getting thier due in the price of thier stocks..
We,, here on VMC are Not Wall Street or infact any street that has any finanical ties.. We research,, buy value and once in awhile take a flyer on a story stock but,, never stray far from our goal to make money.. Some come aboard for advice,, some give thier knowledge and some seem to find something in this market to distrust at every turn.. The companies that most of us follow are small and thier management can't hide from transparency.. We seek out the good and punish the bad but always we do so to continue being on top and own companies that not only perform but that project growth and increased share price..
So the next time Doom and Gloom appear just ask how BTHB selections are doing because thats where most of us,, think,, invest and spend our days.. Not chasing SDS,, OID or what ever market negative equalizer of the day.. Because, we have the true market equalizer and stock portfolio protector here.. It's our collective abilities to search and invest in companies that not only perform,, but make money in the market..
Lighten up a little and find stocks to invest in,, let the sorrow remain on CNBC and the next time someone there talks about charts and up and down volume,, remember that the best days to buy obscure small companies is when thier sky and not ours is falling.... hank
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