Taken from another thread...
We the people are hurting...we often plant the seeds of our own financial pain.
In the wide picture, much of our national and international economy is directly related to retail sales and the underpinning manufactur-ing, trade and wholesale actitity that creates goods and services for customers. These transactions range from mom buying vegetables in the supermarket to factories buying raw materials to investors buying stocks to cities buying long term energy contracts. VASO is a wholesale item to clinics and docs and a retail item to patients.
When these folks get afraid of pending-or even potential-job cuts and layoffs, of shrinking retirement funds, of market declines that hurt their net worth or company profit sharing or governments seeing tax revenues dry up, all these folks do the same thing: they stop buying and defer spending.
Individuals and companies and government can amplify an economic slowdown into a full blown recession just by acting on their fears.
And, nationally and internationally, I am afraid we are going to do just that.
We can't even pick the bottom, but it apparently is not here yet. the question, "Where's the bottom?"..is one that a few hyper traders and early bottom fishers haven't found yet.
We don't know when the bottom will come. The pros that tried to call it (and lost their tail feathers) might end up being sued wholesale by their clients. Those that have bought in the past two weeks thinking the bottom has been set saw their newly acquired bargains turn to burnt offerings today. Usually a bottom is clearly seen in the rear view mirrow, as the market lifts.
We are in a horrid bear market for the NASDAQ and the S & P, not to mention specialized and wider market indexes.
Today even the blue chip DOW plowed a new field of woe. Even the widows and orphans stocks are being slowly strangled.
Some of this selling is from international stock holders large and small, as the Japanese and other Asian traders repatriate their shrinking capital bank home. Some investors are turning their money to Europe, where there is some positive ec growth in western Europe. Others have fled to money market and bond funds.
IMHO, VASO has no floor above 2 1/2 in this market, though the price held at about 3 3/4 towards the close.
That does not mean the price will drop to that level, just that technicals have not predicted VASO price action below 4, and have been very short term in nature above 4.
VASO might be able to weather some of this slowdown simply because of pent up demand and "can't wait" patient needs...while a downturn might reduce voluntary VASO treatments, there are plenty of folks who need treatment now! How potential VASO machinery buyers view their client base will determine how VASO sales will turn out.
Just perhaps (and I am clearly speculating now) VASO's quarterly numbers could be so positive compared to the garbage news now hitting the print media and airwaves on techs selling at 10% of yearly highs that we will get a strong buy in from the large amount of cash now sitting in money market and bonds and bond funds.
Hey, we can hope, can't we? That's all we got anyway, short term.
Buying for the long run.
The very long run. Jim
