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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 329.34-1.1%Nov 6 4:00 PM EST
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To: Investor2 who wrote (1056)4/18/2001 10:32:46 PM
From: marc ultra  Read Replies (2) of 10065
 
I2 re<<<<Is the time coming to unload those QQQ's prior to the final drop to MOABO?
Questions, questions, questions. Luckily, one doesn't really need all of the answers if one has a properly diversified portfolio. IMO.>>>

I'm still up to my eye balls in tech since October. Even If the NASDAQ highs won't be broken for many years I think we'll get back to the 3000 area within the next year or two at the most at which point I can consider reallocating some of he tech portion of my portfolio. Going from 5000 to 1600 and back to 3000 doesn't neem like that much of a stretch. Even though it would be an 87% gain off the bottom I think it would only be about a 50% retracement think Bob's latest newsletter confuses the issue a bit when taken in context of the current bull run if it has legs.

While I still think there is a good chance of an official recession it is almost becoming irrelevant to the market at the moment. Even if recession possibly started in the second quarter with Q3 to be negative making it official, a rally at this point would be right on time to be discounting a recovery and the fact the Fed took note of falling tech spending means it will be on the case as much as needed.

Marc
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