As today’s WSJ points out there has never been a start to a Bear market with the current fundamentals in place. Obviously all bets are off if a recession comes about, but I think the earnings for the stocks I own (oil services, infrastructure plays) will continue to benefit from the world economy. Domestic guys like homebuilders, Home Depot, Countrywide, etc will continue to see earnings tumble through 2008 and I’ll add to some put positions there in the coming weeks, but it’s a big world outside the US and we have some global leaders here who will continue to perform.
