Speaking of doom and gloom, I'd like to share something with the thread. It is impossible to be a ltb&h tech investor and not be troubled by the down draft of the last few weeks, even if you're a gorilla gaming perma-bull like me. And just as some of you have talked over your concerns with me, I turned to several folks I respect and did the same over the last 2 days. I learned that my feelings are far from unique, but I also found that we still share a strong belief in the sanity of holding quality stocks, which are represented by our Gorillas and Kings, through this downturn. Since these guys are all smarter than I am, I feel like I'm on the right track.
Since we are dealing with stocks, we have 3 things on our side - liquidity (the baby boomers start retiring in 9 years, and will continue to invest in equities), time (if we're willing to be patient), and the Fed (which is trying to correct some of its god awful miscalculations). I'm not going to move to cash and try to time the bottom, but I am going to do some re-allocation in the next few days, moving from funds (qqq) and unproven candidates into beaten down certified Gorillas, which I feel will be the first to recover from this downturn. Then I'm going to sit back and wait for the wheel to turn. It *always* has, and I have no sense that this time will be an exception.
Good luck to us all.
uf@patientlywaitingforthenextrally.com |
