What a run on EXPE, just took another bucker off it out here at $69.88, more than three nd a half bucks so far, will go for the four bucker if they let me...
It is the differential valuation. The Dow is not over valued by some measures (particularly when considering fixed income securities). And few minutes later took the $.20 discount in EXPE back in at $68.85, this one is relly strong, very shallow reactions. I hope none of our friends is short that one... Down to only 8% cash here, got to raise some cash before EOD.
Zeev