Russia ... Da.
>I have been following overseas markets and news quite closely including Russia - I didn't notice any posts on any of the boards about what was happening overseas last night. That's another reason to be bearish. The average tech investor based on posts in ridiculously unaware of situations ...<
I don't have as much influence overseas as I do here, but I'll see what I can do there as well. (Actually the Russian market is up 8% as I'm writing this.)
AAPL is down 7.x% on Japan and Frankfurt exchanges, mirroring the US.
Actually the most constructive comment I've heard about Russia on NightLine last night was that they may be retrenching from a free market model top a "New Deal" model. Including Communists in the government, appropriating major industries and taking better care of the general population.
Sounds like a plan to me.
>The reason I single you out is that from the tone of your posts I picture you as the quintessential bull. By that I mean you believe that if a company is good the stock should increase.<
If I've learned anything from the past few days, it's been what's Phil's been saying: "Buy what you believe in and hold on."
My efforts at diversification is did me little good yesterday. Domestic, foreign, small cap, emerging markets, REITS, biotech, AAPL were all down by comparable amounts. My efforts to insulate myself from investment risk did nothing, or worse, *increased* my exposure to market risk.
With AAPL, I have an edge over to general analysts re: product sales, marketing, understanding the technology. This knowledge is augmented by contributions of members on this board.
Also, unlike the money managers whose daily performance dictates their compensation, my timeframe is in years.
"Diversification is a poor substitute for knowledge." |
