I sometimes think in SoCal it's a plague...
The mutual fund takes serious hits (AFFX just the other day). It just takes the hits in steps, instead of all at once. I still like the genome and related companies: AFFX, NGEN, INCY, CALP, IGEN. Biotechs MLNM, SEPR.
Still have RMBS. That one will either be a homerun or a real dud. It's almost back to IPO levels right now, if you want to nibble on it. I still think INTC will have to be using RDRAM as cpu speeds move to 2ghz and above. I read the proDDR anti-RMBS arguments (what I can follow, these guys are chip designers), but they sound more like they are driven by animus than reason. BWDIK
There's loads of stocks at reasonable prices. We aren't quite to the point where all stocks are GOOFs, but another year or two of bear market could take care of that...
I suspect the Fed rate cuts should start to take effect in a few weeks. This sell off seems like a test of the lows, not a continuation of the bear. Still, stay away from margin, 'cuz ya never know for sure.
How's real estate in Silly Valley? We are hitting new highs here, finally moving above the peak of '89-91. I don't see how prices can continue to rise, incomes can't keep up with that. |
