I’m no permabull, in fact, I prefer finding names to short because I’m a realist. However we’ve been due for a correction and we’re now on the receiving end of one. The realist in me is saying that we have been successful in our attempts to inflate our way out of full-on depression. The realist in me also feels there are great opportunities in companies with balance sheets that exceed their current valuations, on a relative and real basis. True value opportunities mainly occur in the Spring of an economic cycle. Forget the ‘green shoots’ talk and focus on real valuations, which at this point, are the true golden children of the next three-six months. Embrace the Spring and heed the wisdom within the above interlude – I can’t think of a better man (Rocky) to provide it.
Oh, and please remember (though I know the vast majority never do nor will) that Nature tends to hit us in the Northeast with one final, surprise snowstorm before Spring is truly ushered in. Don’t be surprised if it happens soon… and you won’t be if you position yourself in proper risk/reward names.
Best of skill to all of you.
-ISYN
