Hi Guys,There's also a sector argument - I think financial stocks are a largerfraction of total market cap than is usual.Well, there's still some unloved companies out there, even if moststocks are pricey. I'm still expecting infrastructure build, as aresponse to potential for economic slowdown. The state/provincialgovernments may be the next borrower group to be used to deploy excesscredit/ money supply into the real economy, after consumer debt(short term and via mortgages) has been maxed out.Don't know. But, as well as reducing leverage in my finances (prettywell completed, actually) I've been looking for businesses that it willbe safe to own a fraction of for long term even if stock prices areterrible. Financial stocks do not meet either objective for me.The ones I'm holding are BRK and FFH. Everything else is tangible,making or doing something that has an existance in the physical world.There are times to trust one's gut, I think.Woodstove
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