Barry, All,
Just a note of caution. Many on this thread are posting notes that assume the market cannot correct, that a bear market is an impossibility. I agree that we are still in the longest, biggest bull market in history untill proven otherwise, BUT I believe that the overall market is fully valued for the best case economic scenario going forward. If something less is perceived to be the case, as it was today with earnings concerns due to currency exchange to US dollars, then the market SHOULD correct to the appropriate valuations level. That is healthy in the long term.
In April the DOW was at 6400; a year ago it was around 5800; today it closed over 7700. That is healthy IF earnings can perform to the appropriate valuation expectation.
Intel is undervalued in relation to the market and to it's fundamentals, but it is not immune to a market correction or a bear market. As long term investors remember, it has been much more undervalued to it's fundamentals in the past, and could be again in the future.
I just wanted to post a unpopular counter-note to the optimism on the thread. I still believe Intel is the best, most dependable investment both long and short term in the market, but it is wise to realize the market and Intel can go down just as fast, and just as far, as it has gone up.
Comments welcome,
John
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