Signs that will indicate the tech bear market is over:
* Business Week publishes cover story of giant, vicious bear with huge claws destroying Silicon Valley buildings King-Kong style, with the title "Is tech dead?" In fact, the cover comes with 3-D glasses!
* James Cramer issues a dispatch on thestreet.com, announcing he has sold all technology stocks and is long KREM to the max, proclaiming it a winner of the new "Main Street" economy of the new millenium. "Screw token rings...we want doughnuts!"
* KREM options are offered, and some bright bulb posts that he is selling naked puts.
* Politicians get into the act, deciding that, hey, maybe we DO want to make potato chips instead of computer chips!
* Reruns of PBS special featuring 80's investing messiah Peter Lynch's style of investment research re-appear, specifically, the one where Peter Lynch and the host are munching on a Cinnabon(tm) in the mall and Peter says something like "Yum, this tastes better than technology, huh?"
* Venture capital pours into food manufacturing, lead by a new outfit called Consolidated Goodfood Inc., or CMmmmmmGI for short.
* Regulars on the SI Value Investing thread actually wonder aloud whether maybe they should buy tech stocks.
* People think you mean "Sysco" when you say "Cisco is a stock you've just gotta own" |
