So how much overshoot... I tend to think this market is not trading on valuation, though it's probably near fair value on that account. Right now it's a piggy bank providing cash for operations, capital base, and to make good on prior bets to the point of others on SA.
October 2007 Market Rewind: The Fed Beat Rolls On [View article]
A quick correction to my article, the magnitude of the back to back cuts are equivalent to 2001, the absolute level of 4.5% was last seen in January '06 -- Cheers.
On a Return to Normalcy: Dow 8,500 [View article]
2008 Price Targets Higher Than Mt. Everest [View article]
October 2007 Market Rewind: The Fed Beat Rolls On [View article]