Mr. Clemens (Twain) was not known as a successful investor so I’m somewhat amused by your use that quote in the context of this conversation.
It’s looking like the February drop was simply a shot across the bow of the big movers in the markets. They’ve altered course a bit but I’m not expecting the kill shot into the markets’ boilers. Rather, the subprime loss coupled with the tighening of easy big-money credit will ground the ship The shoal waters can look deceptively calm…
