Sarmad, Good to hear from you - looks like the market is moving right along as you have been predicting for some time.
<As you noted, the market's response was a measly 3% rise.>
It is too bad isn't it - we are really getting jaded when we only get 3 percent in one week. We need to move a little higher on the left hand side of the bubble and pump this baby up a little bit more.:)
and NASDAQ 2050 will join us for Thanksgiving dinner.>
Should be a "piece of cake".:)
<September - the cruelest month - is 2/3 finished, and there are no negative warnings.>
True, and while we have a couple of more weeks to go, the warnings will probably be few and far between. It shouldn't be hard to meet the low levels of estimates that most companies have set for themselves during the past 12 months. Even if they miss, there may be a minor retraction, but just like the BtB report that maybe caused a couple of hours of hesitation in the upward thrust, any "slow down" shouldn't last long.
<And in my view, the governing model right now is that as long as companies report higher revenue, their stocks will rise, regardless of P/E.>
I agree - that's all it takes on the left side of the bubble.
<Still 100% invested. I think 10% further gain in chip stocks (Intel, Altera, Xilinx) is a sure thing.>
Being very conservative aren't you?:)
Don |
