Betty, I am not "trading". I am investing. My Gorilla portfolio will be just fine in a few weeks or months. This downturn will give me time to read and learn. All I need to do is take a few bucks out each month for groceries.
I know you are just teasin', but I thought it might be important to share my attitude here.
Fortunately, I do have enough experience and confidence in my decisions of the last 9 months or so not to panic.
Could be that this selloff will pre-empt Fed rate hike decisions and we will blow out the numbers this Spring.
Have you read Voltaires post?
To: Gregory Mullineaux (60110 )
From: Voltaire ( Ignore ) Thursday, Jan 6 2000 3:03PM ET
Reply # of 60269
I know I said I would not post again today but I can not let what I am witnessing just pass.
Is there anyone on this thread that truly believes that what is transpiring in the markets is truly an equitable sector rotation? God help you if you do.
This obvious scheme of the Houses is the greatest hoax ever played on any group of people past or present.
Let me ask you a few questions and then I'll move along with my petty suspicions.
Where do the Houses make most of their money? If you said the purchasing and buying of stocks you are wrong.
Ans. Their Mutual Funds my friends, their Mutual Funds.
How many do you think there are?
Ans. Yep, thousands. Just check your newspaper.
How many are flat or down for the year?
Ans. About 60%.
How many investors do you think are disgruntled and could possibly pull there money out and put into tech stocks or the only viable funds today, Tech Funds?
Ans. Millions
How do they correct this possible calamity.
Ans. Accentuate the negative about interest rates, bond yields and the disadvantage of what? Owning tech stocks.
Which stocks do you think they believe will out perform this year?
Ans. Yep tech stocks.
Which stocks are they scaring people out of?
Ans. - Tech stocks.
Which stocks of theirs are hurting?
Ans - Non Tech and staples etc.
Best of all - Kill two birds with one stone. Get people to buy their under performing crap and stabilize their funds and buy the tech stocks at bargain prices.
Now before I leave, let me ask you this. If higher interest rates are the on coming problem, WHY ARE THEY HAVING PEOPLE Buy CATIPILLAR? And how bad are interst rates? The bond yield is only .11 of a percent higher than in that awful month of Oct.
Think about it!
Voltaire
P.S. - How long did the last rotation last? Right, only long enough to pick up the only value out there - STOCK LIKE YOURS.
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