Wednesday, June 05, 2013 5:50:18 PM
Thank you DrMerlot!
Re:
Folks, I firmly believe what we're seeing here the past few days is a combination of: (a) continued consolidation efforts that will recede over time, (b) fearful, trigger-happy shorts who will sell at the slightest provocation, in this case the ridiculous speculation about liquidation, and (c) more than any single factor, investors jittery over whether or not the stimulus package is coming to a close soon.
Look closely at the broader market the past few days, and what analysts close to the situation are saying about it. The market has suffered losses in every sector awaiting word from the Fed in its Beige Book and otherwise about the stimulus. Every single stock affected by the stimulus, including FM and FM, are dealing with some panic sell-off in advance of what the Fed will say. The DOW today suffered a 200+ point loss.
The chatter about liquidation will die out in a week or two and people will get back to worrying about other things. You'll likely see more articles coming out in the next several days reporting on the pushback by various groups and people over this proposed legislation, that frankly will never make it past the committees. It will die on the vine, and some other more intelligent form of restructuring and/or privatization talk will take its place and be proposed. Hang in there.
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