Drake - Monday's IBD edition noted declines in Germany & France's economy. Brazil is still tanking. I think the surprise for interest rates is not that the Fed is going to raise rates but will, later this year, lower rates again. Maybe Bollinger smells something opposite from what one is generally hearing from all the "interest rate pundits" who believe inflation is going to rear its ugly head again. Economies are generally slowing worldwide and commodity prices are in a deflation funk. I think it bodes quite well for the stock market and I still maintain, though I could be quite wrong, that we will see Dow 10,000+ and Naz at 2800 sometime this year.
The stock market is broadening out but money will defnitely flow back to the tech sector in a big way once this near-term correction is over. And it may be over as we speak.
All I hear is the bubble is about to burst. I don't know what these so-called "experts" are looking at, but the bubble has burst already. RMBS down over 45% from its highs, YHOO down 42%, AMZN down over 50%, CSCO down 23%, SUNW down 22%, and I could go on and on and on. So when I see fear leading to investors taking money out of tech and going into slow growth cyclicals, gaming, etc., it is probably time to start cherry picking leading tech stocks and putting them away because they will roar once again, sooner than we think. Good luck to all.
jmanvegas |
