When would I consider buying.......
Energy: When multiple Major players in shale go BK.
Airlines: Ditto.
Financials: Maybe -- AFTER large dividend cuts and resulting panic.
I won& #39;t compete with the government, and allow their bailouts to distort valuation.
Waiting.
Energy: When multiple Major players in shale go BK.
Airlines: Ditto.
Financials: Maybe -- AFTER large dividend cuts and resulting panic.
I won& #39;t compete with the government, and allow their bailouts to distort valuation.
Waiting.
My view on bailouts -- largely:
It& #39;s stealing from disciplined buyers. Capital will be there at the right price. Always.
It& #39;s stealing from disciplined buyers. Capital will be there at the right price. Always.