You are right about that. That was after holding stocks like CSCO, ORCL, AOL, DELL, QCOM and host of others till the reach a top and selling them. Since it will be impossible to see the bottom till after it happens, for the less nimble investors out there that have horizon longer then knats ass, I believe now is a good time to edge in slowly but you have to find the sectors that are leading the cycle. I agree with the link from Hank from thsc. Like I said in my first post, let people that in it for the sport of it all, fight it out trying to hit the bottom. Do I think you should do that, NO, you have traditist, you might never be happy as long term investor. My comment is more a reflection of where we are at in the cycle and if you want to go long. That and this, I feel the trades that can be had are happening too quickly, with minimal gains to be not worth the hassle, unless you are day trader. I don't agree with you on a five year sideways market. I believe the market will continue to award certain sectors a premium, for reason I outlined in my post to jw, and we will have clearer visibility sometime near the end of the summer.
re: I thought that you yourself said that tax consequences should be ignored in investment decisions.
The key word is investment. Even the zeev only trades in his IRA.
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