BBUS, page-117

Hi Pete, keep the faith. I have a similar average buy price. I am not going anywhere. Just remind yourself the US markets are way closer to the top than the bottom. Only so much "good news" can be regurgitated over and over again. The true US economic performance is showing up in the data: Auto loans - record delinquencies, Student loans - record delinquencies. Retailers going bust every second day. I give this 12 - 18 months to play out, they can't hide behind their phony figures forever. The recession is coming, deficits rise, government borrowings rise, interest rates go up, stock market goes way down. Good luck all.