Quote:
|
Originally Posted by dalakhani
Okay. I hear you. Do you realize that if you did this a week ago you would probably looking at about a 25% loss right now? And everyone was calling it a bottom THEN.
For there to be a bottom, you need capitulation. You need to scrape the abyss and there needs to be some type of resolution to get us out of there.
You are a good guy GPK. I dont know you but i can tell you are. Believe me when I tell you that there are more dominoes to fall.
Remember that this isnt a typical market. This is an unwinding of not only a speculative housing bubble but a 25 year credit bubble. Lots of parties that we are paying for.
|
Thats why I am unsure when to bump it back up.
Thanks for the advice....and I guess I should be happy I dropped back to 10% back in August