Tuesday, January 8, 2008

That is exactly what I couldn't put into words

It's funny but everytime the market goes down we hear the amount of money the company has available, even I used it as rationale to buy some cheap uranium miner, but the truth of the matter stocks will go down regardless of what looks to be a healthy balance sheet.

Mr. Cramer earlier today sums it up surprisingly well: "But we don't buy stocks because things aren't going down as fast as we thought they would. If I want cash in a company, I will own a bond."

No comments: