if your willing to sit on them a year, you cant go wrong, imo, im totally focussed on short term trading right now, so i can swing from bull to bear pretty quick, but long term, you cant fight the fed, this market will come back, short term, we have one more week of earnings warnings, cisco is the big one still out there and they dont report till feb 6th, so you got a couple more weeks to sweat on that one, and i want to see if greenspan surprise was politics or a rat in the woodpile, we should get another burst day this week, and the russian mess/utility crisis could continue to put a lid on things, if csco does warn, that would be a great entry for the qqq's (after the warning) so long term, you should be fine, short term there might be a better entry
there's my thoughts
ps keep in mind when the fed started raising rates, the market kept going up for awhile till the rate hikes took hold, so we will probably get the same thing in reverse, it will take a quarter or two before the rate cuts really take hold and we get the big move, in the mean time, i see us bouncing all over the trading range (and the major downtrend is still intact) so i dont think i would buy qqq's for the drawer right now, but they do make for good swing trades if you can identify the current trading range |
