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Re: JJM760 post# 12898

Monday, 09/26/2011 4:01:46 PM

Monday, September 26, 2011 4:01:46 PM

Post# of 80490
Sure, it could drop again, but not to anywhere near 7.

After today, high 8s looks to be the bottom from here(if we see it at all).

Also, I still think Europe will muddle through, and since I believe a lot of the recession is baked in via low multiples in cash rich companies with few, if any yield earning alternatives, I don't think we'll get a 2008 repeat.

No, I wasn't laughing(except at myself) when it dropped to 7.50, but since I was still up almost 100% and could afford to wait, I wasn't totally panicked either.

It still comes down to estimated risk/reward, and, (as I'm sure you know), we still have to endure one to get the other.

Yes, we need to get a little lucky, but just a little, while the risk of major loss is very small.

Relax?-

Well at least to some degree.

Best(Smug)regards,

bw

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