I read that, "V", and find myself in partial agreement with him (he said, as if asserting agreement with a professional weren't a flash of pure arrogance). I, too, think the easy comparisons are just around the corner. I'm not convinced that the current swoon is the last one we'll see, though ... even this year.
I lean in the direction of an UP July, followed by a severe dip going into the fall (fall in the calendar sense, not in the market sense). That's a tactical view, of course. Strategically, I think we'll have an opportunity to buy ... lower.
There is one interesting point about my opinion: I've held it (or something very much like it) at least twice before, and both times was outrageously WRONG! I guess I'd better keep practicing.
Now, to the important stuff ...
It's clear that you loved the idolatry of being a letterman in high school. I know, because of your predilection for letters ... although you lEAVe several unused. I got a small "w" from my school, but I don't brag about it 'cause I really wanted one of them BIG ones. Unfortunately, they didn't give letters for grades. Ahhhh, the injustice!!!
I once knew a real market wizard
Who styled himself coyly as Vizard
He was a good man
Well-loved by his clan
Who selected a stock with his gizzard
(General Magic WAS a gut feeling, wasn't it?)
Fred
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