Here is why I am bullish on QQQ
1) You see, we are already in a tech market recession. That is why the QQQs are where they are. So even though govt says we are not in a recession, I think just looking at QQQ, we are in a deep recession. The next thing happens is we come out of the recession.
2) The current fiscal stimulus implies consumer spending will remain reasonably solid. Thanks to lower energy prices (gas,electricty), tax rebates, lower interest rates (low inflation allowing even more)
3) Put yourself 5-10yrs out. It is not the oil, steel, lumber,.. old economy industries that are going to drive the economy. It is the techs. That is megatrend. The megatrend favors, technology, knowledge workers,.increased
productivity, etc.. |
