may be decimated for years to come.
This is, I suppose, the crux of the secular bear discussion. If the Cisco history is one we can continue to expect to see repeated in coming years, i.e., steep downsides being followed by steep upsides such that the net over time is to make the downsides more buying opportunities than negative impacts, then the GGamer who plunged in at last year's peaks may take a little longer to be happy about his or her returns, but in the long term context it will matter little.
If, as others seem to think, we are headed into a period in which even gorillas will fail to grow substantially, then yes, it might take them a while to recover ... but the same can be said of just about any tech investment made on any theory at the same time since the downturn is hardly limited to gorillas. Such is the nature of the tech market.
Indeed, if we assume that the investment is going to be made in tech so that we don't have to deal with the issues of tech versus pork bellies and real estate, then pretty much by definition someone plunging in a year ago will have lost a lot by now. But, let me ask you this? If we assume that we want to leave the money in the market and leave it in tech, the former because long term we know this to be the strong strategy, the latter because we believe this to be an area which will have strong growth potential even if the economy is sluggish, then what tech stocks would you want to be invested in? Aren't Gorillas still the best choice for confidence and predictable potential? |
