I am not a chartist, nor do I have a crystal ball unlike financial advisors who urge retail investors to stick to the longterm.
But I can tell you this, take a 3inch by 3inch section of the Nasdaq listings, randomly, and I defy anyone on this thread who can not only recognize more than 15 percent of the companies, but what their cash positions are, what they do, their strategy.
I think the NAZ is ready for the swan song. The Nasdaq used to be a market for the mofia to front their money and now has become the most overvalued, even at these levels, and overhyped market in the history of mankind.
The companies that will survive, and you know who they are, will join the boring DOW, the rest will disintegrate never to reappear again.
The days of "I'll pay you next Tuesday for a hamburger today" are over. North America's thirst to spend without consequence is leading our economies to ruin much like the Japanese are already.
My advice? Take your lumps, put your money into revenue and earnings that are sustainable for the longterm. That may even mean investing in companies...oh my god...that produce natural gas, oil, GOLD. Things you can touch, burn, and melt.
truth |
