Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 183.02

+2.6%

10:24 AM EST

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To: Sun Tzu who wrote (9704)	5/6/2020 8:24:48 PM
From: Kirk ©	Read Replies (1) of 26769

Well, their big bets in energy, airlines and banks last year didn't help much either. I guess as you get older, when you take a massive hit like that it is harder to recover than when they were 21 years younger in 1999 and lost 20% for the year while the Nasdaq pushed the markets to great heights... They did well in 2000 and 2001 with their value stocks, but I don't see how banks will soar without tech also soaring. Their largest holding is Apple, which looks great now, but I think it has the potential to be like Sony, Cisco or MSFT were 20 years ago as Apple's main source of revenue is a commodity that they can't keep getting luxury good margins for... 25 years ago Sony was huge at WESCON and we all had "Walkmans" and Sony was going to tie all their gear together like Apple ended up doing well... and taking all their thunder. Anyway.... we may have seen the Warren & Charlie led skyrocket finally start regressing to the mean.

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