From "smart money.com"... refuting Maria's claim about "SOIZE" cash 'poised' to flood the market:
"I got pummeled in the spring," says Torbert, the owner of The Gingerbread Mansion Inn in Ferndale, Calif.
He says the Nasdaq bear wiped out most of his trading gains for the past two years. James Taylor, a
self-employed management consultant from southwest Texas, estimates the value of his portfolio, which
includes big tech stocks like Cisco, Applied Materials (AMAT) and LSI Logic (LSI), is down at least 18%
this year. Taylor's losses might have been greater, he says, if hadn't begun selling some stock six weeks
ago. Now, with 57% of his portfolio sitting in cash, Taylor's even considering locking away some of his
money in a high-yielding certificate of deposit.
Christin Wolff, a California resident, says her portfolio of
mostly technology stocks is down more than 60% this year.
She fears it will take years now for some of the tech dogs
she's holding — MicroStrategy (MSTR) and Conexant
Systems (CNXT) — to recover. Wolff, who said in March it
would take some international calamity like a major war to
shake her confidence in technology stocks, now wishes
she'd sold some of her holdings back then. "Had I listened to
my instincts, common sense and my own advice...instead of
the so-called expert analysts, I would have fared better," she
says.
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