Hey, since when is 0% return an avg market? Are things that bad now?
PS- to supplement your negative thoughts, the 50% (horrible market) haircut of course is heavier than the 50% gain (great market) example in that a 50% drop would take 100% gain to regain equilibrium and 50% gain followed by 50% drop would put a port down 25% (uh my math sux so I'm not positive on that LOL).
So Be HAPPY and stop the negative vibes ;)
I for one will be happy to enter the next PSL (and probably BTHB) cuz there's actually stuff I can look at and go 'hey, that's cheap'.
Good luck, thanx for the legwork you guys do and of course Merry Fishmas.
I gotta go sing another round of 'Let It Snow' with some friends. WOOHOO! May get a white Christmas yet in Seattle.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
"We didn't build this company on the sniff of an oily rag."
-Anonymous