tag:blogger.com,1999:blog-2335748440449035592.post6113211839604347013..comments2008-07-26T12:10:44.227-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2335748440449035592.post-79623591724513503082008-07-25T17:41:00.000-04:002008-07-25T17:41:00.000-04:00Mark,<BR/><BR/>I'm impressed that you have the gumption to back away when things are not working. That is the sign of a good money manager. You needed to be beaten down a little longer than I would have liked to have seen, but you're getting there. Your recent poll summed it all up. Institutional money is leaving the commodity space/global growth story, yet the small frys are screaming that these are bargins and are eatn' it up. Very classic behavior. Remember that the fundamentals always look terrific at the top, housing stocks in 2005/early 06 were a great example of this. <BR/><BR/>Now, apply some reverse logic to things like financials, airlines, etc., terrible, terrible fundies, no arguing that, however, fundamentals are always worst on the bottom......and what exactly don't you like about the airline charts over the last few months. They are looking quite bullish to me. Maybe it has something to do with pricing power, something they haven't had in many of moons!)nxgstockhttp://www.blogger.com/profile/05833841974191631472noreply@blogger.com