Wednesday, January 23, 2008
staying the course?
I stayed the course. I didn't sell anything on the markets this week, even though I have been tempted to do so for the last year. There was a free-fall this week, and then some wacky correction type action today. Volatility is not good. No one really knows what's up.
BCE has a sale agreement with the Ontario Teachers' Pension Plan for $42 something a share, yet BCE is selling for about $32 right now. OTPP says the agreement stands, and it is staying the course. The Big Banks are offering discounts on new shares releases too.
The US gov't is staying the course with crazy attempts to stave off the inevitable recession until that little redneck GWB is done in the WH. I guess he is trying to protect his legacy of fucking up anything that he touches.
What about you? What course do you see ahead for yourself, and for the larger world?