In other words, when the market is not going your way, nothing works.
It doesn't matter to him whether the market goes up or down.
I expect the market to go another 10 or 20 percent lower.
Now they are ready to wait until the market goes back up.
Why was the government needed to get this market going?
"My position is we'll wait and see where that market goes before we make a decision."
This market is going to be very interesting to watch over the next couple of years.
"And that's the way I think the whole market is going to feel."
"But the market went against him and we had to buy the position at a loss of $397,000," he said.
So I think the market is really going through a period of testing.