*OT*...more market timing silliness
...markets down 2000 points we all better have
a couple hundred thou lying around cause you'll be
able to buy 5% stakes in some of these
I'm sorta counting on getting a chance like that.
I figure this summer I'll send checks off to the
taxable accounts, and sometime next fall I'll be
buying warrants and options and micros and maybe
even, gasp, a mutual fund (heheh, --have to, money
has been sitting in a money market within a sector
group of funds since last fall...).
It is going to be great loading up on stuff while
everybody is freaking out about Y2K, and maybe even
DOW10K problems, and then, when the world does not
end look for the best January rally ever.
I could see the dow getting close to 10,000 by summer,
then tank to 7000-7500 next fall, before bottoming out
in tax loss season around the holidays.
After all that craziness, biotech will look like a
great place to be in the new millenium. Look for
great cover stories in TIME and Businessweek etc-- |
