Hey, I don't just hold INTU. I am long CAKE, SEEK, short CSRV, YHOO, XCIT, EGRP too.
Also, I've had quite a while in the market, taking my age into account. I did day-to-day trading when I was 16 in 1993. I've read just about every theoretical book on the stock market there is. The only ones worth reading are the most untheoretical -- the ones by Peter Lynch.
So you're opinion on this bull market is that it can go up forever if it's the most attractive thing out there, no one cares about valuation anymore? Isn't that the old Japanese theory that fell through the roof in the 90's?
Low inflation is great for the market, but is low GDP growth? Soon when corporate earnings start really slowing down, you'll see my correction, maybe even a 73-74 style bear market.
I'm not holding my breath though. I still hold some long things. Besides CAKE etc., I still hold accounts in Van Wagoner Emerging Growth and Invesco Asian Growth. They're fairly large compared to my stock holdings.
BTW, when people stop sending money to funds, which has already started to happen, how are the funds going to buy more stock without more money?
~Ben |
