Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 5dave22 who wrote (130420)	1/5/2001 12:56:45 PM
From: tejek	Read Replies (1) \| Respond to of 1573336

Dave, And just like that ... NAZ is below where we started Monday at the beginning of the trading week. Even with the cut. Not surprising...what I have learned in the past two mos. is that wall street has a whole way of dealing with economic slowdowns and fed cuts...and that different sectors benefit at different times during the process. First when things start to look bad, the smart $$$ goes to bonds, then when it still looks bad but its not the end of the world, they stock up on drugs and utilities...look at those charts from last year. As the Naz topped out in March, they bottomed....and then as the Naz tanked the rest of the year, they started going up. Then in Sept. the banks bottomed for the last time, and now they are ascendant. With the first rate cut, the banks/financials, retail, brokers and homebuilders start to really move. As oil prices have topped, transportation is also starting to move up. After the second cut, then the cyclicals start to really ramp to move. Energy stocks are good because energy prices are so high. The techs will come when earnings start to grow again.....usally near the end of the process. And while these other sectors are not so volatile as tech and don't make huge moves up, they don't make huge moves down either. And what moves they do make ain't shabby. Bought BE Aerospace beginning of Aug.....its up 65%. Bought ANF two weeks ago, its up 30%. Bought ENE a month ago and sold two days ago for a 28% profit. I's not saying its a cakewalk but I have stopped the endless loss of $$$ out of my portfolio and am starting to make some back. And I am done with the frustration of dealing with tech stocks the last 8 mos. I'm glad I'm pretty much out. Good luck to all, it's gonna be a BUMPY road. I know you are buying a house but you might want to throw some $$$ into the banks or some retail that you think has upside. What I am trying to do is position myself so that I have good $$$ to put into the next tech rally. ted