calvino

This Bear's Just About Played Out

The rout in the small caps has not tolled on the s&p, which is 5% off it's highs, or something close to that. LIke smart guy, I wish this was a bull market so that I can put my capital to work for good american startups that promise huge yields, with success. I have seen the opposite, brilliant technology dying on the vine in the face of political incompetence and financial treachery. This market is pleading for punishment as long as the likes of bidu and jrjc exist in the 300 multiples. That is where the money has gone, not to the startups, as you and I wish. I do not see it coming back , and moved to the other side.