Someone earlier today in one of the threads made some comments to me regarding how we have entered a bear market which will last for a long long time! I wished I could remember who he was and what thread it was. Anyway just thought to state the following: US Productivity increases to the levels not seen in over 5 years (see yahoo.com. This happens at a time that there is absolutely no sign of inflation (the latest inflation indicators will come out first thing tomorrow morning and eventhough I have not seen them I have a strong feeling it will point to absolutely little (if any) inflation! The savings and investment mentality in combination with high productivity simply results in low inflation!).
The high productivity we are experiencing is because of the technology. Now can anyone truly not call the recent sell off that has been happening in the tech-stocks idiotic?! Tech stocks have been thrown out the window for the last 3-4 weeks, for what?! Just some South East Asian market not doing so good?! In fact if that is the case it is the more reason to load up on the high tech stocks rather than throwing them out! Because ultimately those regions of the world will end up using the technolgoies of companies such as Sun, HP, Microsoft, Intel, 3COM, Ascend,...,...,... and thousands of other US high tech companies. That is the only way they can bring a healthy growth with the most optimum productivity to their economy. There are so called analysts out there (from so called respectable Wall Street brokerage houses) that go on CNBC, ABC, CBS, Wall Street Journal, etc. and claim this is the beginning of a bear market, and that especially high techs are in big trouble! Well, I am no analysts nore work for a "respectable" Wall Street brokerage house (if in fact there is such a thing!), but rather an engineer who is not even a rocket scientist, and when I put everything together the only thing that I can conclude is that: The real Bull market has not even yet begun! And we are about to eneter the biggest bull market of the history in the US thanks to the tech sector which will provide not only the most optimum productivity to our own economy but to the world.
Let them throw out the shares of companies such as Sun, those who are wise and take advantage of these idiots' fears and grabbing the shares as they throw them out will be gaining beyond their wildest dreams if they use the discipline of holding on to the shares for at least 8-12 months. Eventhough I am up to my neck with SUNW type shares, I regret the fact that I do not have any more meaningful cash at this time for investment. But I think it is ok. I am 36 years old and was hoping to retire by the time I am 40, but with the latest idiotic sell offs and the chance I had gotten to buy more of the tech stcoks I wanted within the past 3-4 weeks and add it to my collection gathered within the past 4-5 years, I have a strong feeling I may retire before I reach 40! My wife told me the deepression and anxiety over seeing our paper profits melting down perhaps does not justify our aggressive style of investing. She told me this afernoon she should not have called it aggressive investing, but rather wise investing. It was very surprising to me especially since she has been the conservative one when it comes to investing and saving of our money. I think the past 3-4 weeks of high tech sell off (and perhaps a continuation of it for the next 3-4 weeks) have had a much more impressive impact than just providing the opportunity to pick up the best deals of the century!
Regards,
Addi Jamshidi |
