DD,
The way I see it, there are icebergs all around and the grandaddy
of them all hasn't been seen yet. When it is, the market and the
tech stocks will go into reverse to try to avoid an impending
collision. Everything that isn't firmly fixed will be violently
thrown around. A good captain will minimize the risk and either
come to a full stop or proceed very slowly, picking and choosing
his route carefully and will be prepared to change course immediately
upon encountering the big one.
One may ask, "what is the big one?". It could be Japan, Korea,Taiwan,
or an earnings warning from NVLS, AMAT, etc.
Personally, I've stopped the ship and am drifting with the icebergs,
and will wait until the big one is seen and floats by. Then I will
resume my course, but still be vigilant for other icebergs that could
cause some damage.
Watching, waiting and drifting with the tide, for now!
BB |
