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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (26589)	12/13/2005 10:46:50 AM
From: Rarebird	Read Replies (1) of 57684

>>The bear market is over and PS is irrelevant, why can't people just accept that?<< Lots of people lost alot of money in the tech bear. Some lost all their money and went from the Penthouse to the Outhouse. People don't forget that. It's easy for me to look forward rather than backward because I was a PermaBear during 2000-2002 and was loaded with Gold Stocks and profited. I have a goldbug side to me. But as a secular humanist, I've always valued high tech more than Gold. Gold is basically an inflation hedge and financial insurance. When you got the kind of President we have, you can't get enough of that insurance. The Bear is not technically over until the S@P decisively takes out the 1275 level and then comes back down and backtests that area and makes it support. I know a number of people in NYC who are real estate pros and who speculated in that market and made a fortune. (I was not one of those people.) These people have been selling some of their property recently. The good news is two fold: Firstly, there are buyers. Secondly, they are taking some of that money and investing it in high tech equities. I had always thought that the smart money in real estate would eventually come back to high tech. And I think this trend is just beginning. I find Bernanke to be an interesting character. I'm sure you read this: "BERNANKE says that the Fed should never prick a bubble but only clean up the mess afterward". moneycentral.msn.com It appears we are getting a Fed chairman who will support asset bubbles. I only mention this because there will be another high tech asset bubble again and the next one will likely extend much further than anyone thinks given the philosophy of Ben Bernanke.

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