Another post from the Yoda Club (on Yahoo):
Historical buying opportunity
strike_de
(50/M/Munich, Germany) 4/15/00 5:05 am
The 2000 crash will soon become a historical footnote :
This is one of the severest crashes in living memory. Whether it continues down another 300 points is irrelevant for long term holders. The upside is there for everyone to see. The fundamentals are still in place : historically low interest rates, record high productivity, record high employment - with relatively low core inflation and crashing energy prices which will beautify headline AND core inflation next quarter - a brilliant Fed chairman at the helm, record corporate profits, a (truly) New Economy which hasn't even scratched the surface of its potential (What you've witnessed with Yahoo glitches are merely 'growing pains'), a total annihilation of 'irrational exuberance' which will reconcentrate
investors' minds on fundamentals in future, giving birth to a more stable (and investor-friendly) ascent from here on, a (highly deflationary and attractive) strong Dollar and, last but not least, if that's not blood on the streets then I must be colour-blind.
That's where the 'beef' is. Anyone not already fully invested should invest now. You have a downside risk of a few hundred points and an upside potential similar to the situation after the 1998 crash, = several thousand points, with obvious sharp corrections along the way.
jmho,
Strike
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