Recent action in the markets makes it clear that investors are in a foul mood, and the major indexes are feeling the pressure. Is the mood foul enough to mark a bottom? Nobody knows. It’s likely that we’re closer to a bottom than we were a few weeks ago, but there may be more pain before the bulls retake control. Today we’re taking profits in another of our holdings and working on our watch list. The Chinese telecom stock featured has excellent prospects, but we’ll have to wait for the next bull phase to arrive before we jump in.
