Jon,

I agree ATVI is interesting at 32. But at 28 - no one seems interested. And they haven't even crapped the bed yet with a CC. Perhaps the Chinese will be drinking oil martinis, rather than playing videogames.  I haven't had much time to watch the marke lately, so I'm not exactly sure what has changed. But if I turned on CNBC before I'd had coffee, I'd think I was watching the Greek stock ticker, rather than ours. Or maybe Syria's.