Paul the capitulation has already occured, except its in the price of the shares!! Too many people wait for a 3Bil down day to jump in the markets, we did not get that sign in Jan, we did not get that sign last June, and I know in 98 we did not get that sign.
I am a trader, and I hate playing the sidelines, so yes I am long and I am down. But from where I play..TRADE 2-3 up days and I'm golden. I have BALLS of steal and the FORTITUDE to take the other side. I have always played this market on opposites a times of divergence and this is no exception.
I actually would not doubt if CSCO warned and we rally from there.
One more thing that noone wants to talk about, we have a NASD economy. It was the nASD from 90-00 that gave us those government surplus, it was innovation and technology that drove us to 5K and a little over exhuberance, but we still are the leader. Greenspan must stabilze the NASD or we will go into a very, very deep depression. |
