Thats what Id like to say to the SPU buyers - a 25 point drop in the dow yesterday and its off to the races again....The Ibankers are gonna be doing their thing over this weekend - getting ready to sell more equity and debt deals. I want to pose a question I asked the other day - if the economy is getting so much better why do the shippers not participate? Isnt shipping a key to the whole recovery in the economy? REITS, banks (with lax FASB rules) and Tech are what the street wants right now. Once again I feel pretty sheepish - is it possible that this rally (from 950 or so) is just some bizarre abberation that people are buying into the riskiest sectors? Reits have now tripled from the bottom and the appetite to buy them grows every day. As vacancies grow stock prices grow - its a massive short squeeze orgy. There is this old saying that is used all the time but is quite accurate "the market can stay irrational longer than you can stay solvent". Truer words were never spoken. Heres praying for solvency
JB
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