SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Investor2 who wrote (11799)2/8/2000 5:31:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
I2: Re: "I know there has been a lot of talk on this thread about hedging via shorting QQQ, etc. I hope there aren't too many in this position, taken from another SI thread."

Personally, I have not taken this route. I have just cashed in on the long side as prices have increased. After today, I am only 15% in equities with 85% in cash and bonds. A record low equity exposure for me. I have watched my portfolio and when it hit above the upper level with a 20% gain YTD, I cashed out.

Vacation planning was a factor. It is right around the corner for me and I did not want to be very long or short during vacation. Cash seems to be a perfect vacation holding.

Besides, my better half thought the whole thing was getting insane. She got real upset when she saw the e-trade commercials on her weather channel and got real peeved when e-trade hosted the super bowl half-time. She said the whole thing reminded her of the new millionaire shows on television. The final blow came when her low keyed radio show had a advertisement for a multi level marketing technology deal.

This seems to be the perfect environment for pure speculation. The productivity numbers have given the "new era" investors cause for celebration. And they are a cocky bunch as you can see on the BB thread. They have already projected this trend into the future indefinitely in the face of market history. I recall John Templeton saying in 1987 before the crash that when people say things are different they are right 20% of the time. But the danger is that people think that any real differences will continue uninterrupted.

So QQQs could be relatively strong until the money runs out or the margin window closes or until we spin a bad economic number and/or the Fed. gets hostile. I could not tell you when and at what level that might be at this point. It is a pure confidence game at work now in the Naz. and there are plenty of players. Hey, isn't consumer confidence at an all time high??? Enough said.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News