Well, I suppose this would be a rather indiscreet time for me to post in this thread after having been silent for a week or so.
People, this high-tech market has been beanie babies and magic cards for years, now. I've been saying this, and I still am going to say it--- few, if any of you, have any understanding of most of the companies you've invested in. Given the prices you have paid for them, it seems that few, if any of you, have any understanding of basic economics or finance. The market may recover today, it may shoot up a thousand points tomorrow, but at some point, those who remain in this market are screwed.
Cisco is not going to return a half-trillion dollars of value to investors over the next ten years. Most B2B companies will not make any profits for a while, and will only make marginal ones in the future. Biotech has a great future, but people knew that already and it was priced into the stocks before the latest run-ups.
And if you own any Amazon, well, that just goes double.
Pay down your mortgages, pay off your credit cards, and invest if you must in some dividend-yielding stocks.
PS: I'm going to make even more money today than I made yesterday. |
