Victor - Yes, it is a little scary right now. But, as Gene said in one of the posts I provided, when the Fed is done, we are back off to the races. Why? Because the economy is strong, productivity is exploding, and most of us here are with the leading companies - not too many Dr Koop or PeaPod touts here, even tho we discuss all stocks on this thread.
I rattle between long term confidence and short term concerns.
The LA Times today has a prominent front page story about the 'dots being shaken from the dot com tree'. I had wanted to stay off margin till we got a serious correction this spring, but after two quick 10% corrections I decided it was safe. I'm still OK unless another 20% gets taken out.
My short term driving mantra is that with earnings to be reported soon, up 22% overall and 50%+ for tech, the market can't go down, go down, go down....
I only worry about a total free fall. Could AG, Barrons and the ambulance chasing media cause that? I don't think so, but worry about it a bit. It would be Oct 87, tho, not Oct 29, at worst. The '29 crash did not cause the depression, the failing economy, due to a sharp contraction in the money supply did.
Well, I'm blathering now. I'll stop.
Regards,
Tom |
