LOL..I'm not really heavily into ORCL now. I've been in and out, but holding onto a core.
I don't see any reason to be having a boatload, YET.
I still see alot of expensive companies out there (AMZN is still trading at 170 times earnings????, what about YHOO??).
There's been a great adjustment. Stocks are not nearly as overvalued as they were 3 years ago. Some are even cheap. But, how do you make an argument for alot of upside in the near term?
Anything can happen, but it takes a long time for low interest rates to have a real effect. Especially if they come down one more time (expect it). I thought this would be the bottom for interest rates, but I am beginning to think there is one more reduction in the cards, by midsummer. If not, don't expect them to go up for about 6-8 months.
That's all good, of course, but not right now.
Something like 50% of purchasing managers have delayed purchases until there is a clearer view. We're getting that view, but there is still alot of uncertainty, economically.
Lots of good stuff...lots of mediocre stuff...some bad stuff...we'll see. |
