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Hi BB, good to hear from someone new to the board if not CLL itself. Why the drop today?. Well, my best guess is that it is down to worries about possible Eurozone recession (again), after Germany yesterday reported a fall of 4% in manufacturing output, the largest since 2009 and the 3rd largest since re-unification. That is likely to have had a knock on effect to many shares regardless of their own fundamentals. We are also in a small cap bear market, which started around the end of March. If I compare the share price graph of CLL with many other good companies I will find they are pretty much similar in their direction, the graphs look very similar. I could mention my other holdings, but will resist, since they are mentioned in previous posts and I don't want to be accused of ramping. Perhaps it was just CLLs turn to get kicked today. The market takes little notice of fundamentals at such times. The market can stay irrational for longer than our funds will last so at such times preservation of capital is paramount, hence some investors are selling out, possibly to re-enter the market at a better time. And that may well include me, although right now I am still invested. Ask me again tomorrow though!. When the tide goes out all boats fall, not just the irrational, speculative ones. I don't know how long the bear market will last. Growth stocks tend to lead the way into and out of a bear market, so my fear is possible that the main market will follow. I have been looking through a book "The Zulu Principle" by Jim Slater, written back in 1992, but still valid in many respects today. In one chapter "The Markets" he mentions ways of identifying the top of a bull market. Here are just a few: Interest rates are usually about to rise. The consensus view of investment advisors will be bullish. Offers for sale, rights issues and new issues are usually in abundance, with quality suffering and low grade issues being chased to ridiculous levels. Shares fail to respond to good news. Directors might report excellent results only to see the price of the shares fall. At the top of a bull market investors usually move from safe growth stocks into cyclicals. Any of the above sound familiar?. There really is no good news around right now. There is the trouble mentioned above with the Eurozone, ebola, trouble with Islamic State, Syria, Ukraine, France and Italy reacting against the IMF regarding the size of their debts, concern re interest rates, even in the US that they may rise because the economy is growing!. Not far off is the UK general election with uncertainty as to the result of that will be to worry the markets!. Lord love a duck!. We must all make our own choice as to what to do. I am not here to worry anyone and most definitely not to deramp!, that is not and never will be my aim. Not meaning to sound gloomy. Good luck all and regards CM