Hi Greg:
I know you are having fun out there- with a chance to
win an SI vote today.
There may be little to be said for certain about stocks or the market,but I am 100% sure we are playing on the right ball field( or golf course)G. The mighty techs.
Put the stocks you have recently mentioned (jdsu, orcl,sunw, etc) and put them on a ten-year chart. Then add
the old guards ba,bac,wmt,dis,dd,amr,ko,f,s,gm)
Show me the money !
People will say we risk the high P/E's but.....
How about the single airliner crash that can wipe out
the company ?. Or another Edsel design, the asbestos
provider, the silicone inserts, the tobacco companies.
Now consider that Chinese rice-farmer with no worthwhile roads, no gas station, no cars, no 'highline'and few $ to spend.
One of the first things he may be able to afford is
a battery powered palm pilot or cell phone. With voice, with video,with music- a magic box.
Wireless-yeaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah
(but this don't mean I own ericy ,nok or qcom)
Perhaps a poor example, so consider that every truck driver or oil field worker will stay in-touch via wireless. As will the valve positions on pipelines be monitored. Hmmmmmmmmmmmm Let me know when to get back into Qcom , please.
Regards
Sig |
