>>" they will buy up the bargains [which I believe has already begun],<<
I doubt there will be any significant buying when economic data do not support a positive outlook in the near future.
>>"start the HYPE MACHINE rolling again and begin flooding the market with upgrades,"<<
As you have already so stated many times, these upgrades during the last few years have burned quite a few people, who will believe these "upgrades" in the face of economic woes with companies laying off people and dot.com going under? In fact, it was the proliferation of the dot.com the last several years that fueled the demand for internet infrastructure products. With the realization that most dot.com won't make it, who is going to generate the demand for these internet infrastructure products?
>>"stories of fantastic technologies, opportunity, hope...<<
Only if it pertains to new disruptive technologies that have not been effectively utilized by our modern society yet.
>" and the most important of them all. . . . . . . . . . . . . . . Initial Public Offerings."<<
IPO in this time of year???? Naah........!
I also do not subscribe to the extreme view of the doom and gloom; but I do believe that we haven't finished correcting yet either. There are still 2nd, 3rd, and 4th quarter earning reports coming soon. If bad earnings continued to come out during these future quarters, where do you think price will be heading?
IMHO, some of the big caps favorite may be seeing "teens" as a result of the many stock splits during the heydays. So, I wouldn't try to use the "teens" to determine bottom. I'll wait until the bottom is established by new signs of higher lows, and higher highs. Until then, I'll play the song of "preservation of capital" and apply caution. After all, staying on the sideline is also a very valid and powerful trading/investing strategy in time of economic uncertainty.
Best Regards.
FC
Warning: the above contains broken clock prediction. The truth is that NO ONE really know what the true time is. It may be dark outside, but are we expecting a sunrise coming up or are we going into the night? No one will know for now.... |
