Jimmy Lathrop

Investing in Stocks in a Deleveraging Economy

Al, I liked this article. If you had bought EZPW at 14.88 when I had first written about it August 2008, you would have seen it climb to almost 17 today, a 20 percent return, including a rough October 9, 2008 when it dipped to 12. Didn't own it then, won't own it now. Putting your money into stocks like EZPW,SKF, SDS, its just one big bear bet. I just don't care to be on that side of that bet anymore. Once oversold conditions reverse, the pawnshops will be brought back down to Earth. I hope.