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I disagree. With that logic-MSFT/CSCO/INTC/etc,etc,etc,etc would have been too high last year 2,3,4,5,10 yrs ago! If it is truly a great company in a growth industry (do not include any .com) you can purchase at a high and still make out ok. Remember, it is time in the market, not timing the market. I do agree with you, though, that when a good stock gets beat up (CSCO last fall) people sell, as opposed to buy. Lastly, since you think we are going to have a crash, you must have your money under your pillow. How has your return been??? |
