Re todayThere is an old saying, "So smart he knew the word for horse in 7 different languages but so stupid he bought a cow to ride on."
Of course no one is prevented from forming to their own conclusions when reading the quarterly reports, or adjusting their positions up or down, that's the game isn't it?
But to put fantastic interpretations on the data or be misled purely by ones ego that you might have the ability to read them propely -that's where the calamity begins!
I give you a quote from Esquire magazine today re Mike Johnston,House Speaker and the debt ceiling. -" Why he should be surprised at this point (remains a mystery)...that he presides over a festival of fools, being one himself.
That comment is reserved for all those who were sellers today. But you do have a chance to think it over on the weekend and change your mind. There's a good chance you can redeem yourselves by buying back on Monday, unscathed. ha