Market Blues

Red Red Red- That’s what the tape shows,
the market is going down everyone knows;
Step up and buy stocks off we go,
Homer, what would you say to a bank failure, Doh!

Sub-prime, oil, inflation and a weak dollar are to blame,
A year ago wasn’t the situation the same?
What goes up must come down was Newtons claim to fame,
It looks like only the shorts will be left standing at the end of the game.

Israeli stocks in the US have been shown the door,
but at current valuations isn’t there a floor?
Bears point to Iran and potential war,
Bulls say deal after deal signed, a rally we are in for.

Silicom (SILC), Alvarion (ALVR), Zoran (ZRAN), Amdocs (DOX) the list has no end,
It doesn’t look like the reversal is just around the bend;
Global banks are stuck they have no money to lend,
It will take time for all the carnage to mend.

But be optimistic there are deals to be had,
What’s great today used to be bad.
If you hit refresh on your portfolio you are sure to be sad,
Don’t fret a few good days and buying stocks will again be a popular fad.

Disclosure: Author’s fund has a position in SILC, DOX, ZRAN, ALVR. He has no position in any other stock mentioned as of 7/08/08.