RE:Market never learnsListened to Bloomberg this morning where they are definitely playing up the gear. One esteemed economist said there is 50 percent chance of recession in next 12 months. Hmmmm. That means there is 50 percent chance of no recession. These economists are like the weatherman. You are wrong 50 percent of the time and you don’t get fired.
Drop from peak pretty significant at this level now. Also company still has buyback room so they will start buying or probably have done so already.
With th lots of cash and mgt willing to buyback stock tough for goeasy to go much lower