"But my bet is that Wall Street is too greedy to allow that scenario to happen. When they have completed milking the Individual Investor [who became overconfident and fat] for all they can reasonably get. . . they will buy up the bargains [which I believe has already begun], start the HYPE MACHINE rolling again and begin flooding the market with upgrades, stories of fantastic technologies, opportunity, hope and the most important of them all. . . . . . . . . . . . . . . Initial Public Offerings.
That's where the real money is made on Wall Street."
I have to disagree strongly with those conspiracy theories. Not only are there VERY few bargains(CSCO,ORCL,etc. are NOT a bargain), the Hype Machine doesn't work very well anymore. Its hard to gloss over huge profit warnings with STRONG BUY!!! recommendations. The public is stupid, but not that stupid.
I see that you are very bullish, and at these levels, there could be a bounce up to 2500, which I'm sure could be gamed if you are willing to take the risk of the Nasdaq going down to 1500. Right now, I'm short-term neutral on the market, but long-term, very bearish. Its going to be a biatch for the individual investor who's clinging on to tech stock pipe dreams. |
