Don,
thank you for the thorough answer. These sure are interesting times.
Take care,
theRedDog.
PS. This is from today's briefing.com: (And no. I don't get any compensation, nor am I related to them in any way<g>)
I guess most of you have access to it, but this is for the few that don't.
>>>>>>>>
Another blow-out day for the tech sector with PC, Chip, Net and Telecom Equipment stocks pacing the advance... Nasdaq set its 12th record high in past 15 sessions, and is now up more than 51% year-to-date... As has been the case throughout this advance, gains occurred on big volume.
However, Briefing.com growing increasingly concerned that bubble will burst sooner rather than later - especially now that rates are no longer behaving themselves... Long-bond yield crept back up to 6.18%... Given that gains not being driven by any huge change in fundamental outlook, but by improved sentiment and money grab, floor could open up at any time... We've come a long way very fast and right now my gut says to take some profits off the table - It's just a gut call, but sometimes you've got to go with your gut.
Robert Walberg
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(Oooops! Didn't LG say that he doesn't like "gut feelings?" --Just kidding, LG! <g> |
