ed,
>>If you are in your 50s or over, you are in another generation , and High Tech stocks are not for you, because you may not under stand the high tech industry, and the importance of High Tech industry to the US future. You may well make big mistake in judging the values of high tech stocks, and you may get heart attacks when you own the high tech stocks which had high PE , which you think so .
I'm 33 but this statement is so far off-base as to the 50+ crowd. Who do you think revolutionized the electronics industry (which makes up the essence of high-tech in the U.S.) in the 60's and 70's? Who do you think is adding all that money into their 401K's that drive the market? The 50+ crowd is the stock market, they are at their peak earnings potential or retired. My generation is mortgaged to the hilt and playing the role but there is no depth to our wealth.
Consumer confidence is not predictable, so can you list what indicators you look for to tell when to get out of a stock? Earnings, I am told, mean nothing; so why even bother with whisper numbers and consensus estimates as a support for higher valuations? It is purely speculative and having any in-depth knowledge of high-tech is irrelevant right now; it is better to understand human nature and what the average investor's emotions will be next week. Other than my man Reggie, I cannot remember ever seeing any analysis on this thread. Lots of confidence but no reason given for being so, other than past performance.
>>What trouble Asia , Japan, South America , Canada are in ? Asia is still Asia, Japan is still Japan, Russia is little different than it was 10 years ago, South America is still South America, and Canada is still Canada as they were five years ago,
Earlier on this thread, globalization was all the rage and a key buzzword in justifying the higher valuations of the market. Now it is dismissed with a wave of the hand.
On the positive side, if you are also of the 30's crowd. When the baby boomers start retiring in mass we will have our pick of jobs in about 10+ years! On the negative side of course, is the Social Security burden that will come with it.
Cheers,
Norm |
