Friday, October 27, 2006
Closing Comments
Finally, I am done with client meetings and may resume my daily routine of drinking mulitple cans of energy soda, blogging, and oh yeah-- managing money.
Ok, so Cramer is bullish, the market is soaring (except today) and everyone except Barry Ritholtz is bullish ;)
So what?
See, the problem with investors who have been beaten to a pulp, numerous times (1987,1992,1997,2000,2001,2002), is their lack of confidence in the markets. Because the market has tank jobbed and robbed the average investor countless times over the last 20 years-- does not mean it will happen now. As a matter of fact, sometimes the market enriches those who invest in it. News flash!
Meaning: Stop trying to time the top or outsmart the market. Furthermore, don't bitch-out at the first sign of weakness. Remember, we are in a bull market. In bull markets, you (the investor) are supposed to take advantage of dips and buy-- not panic and call for a crash.
As for today's GDP number, I feel it's worth ignoring. Get back to me with a 1.6% 4th quarter number, then I'll start selling.
Bottom line: The Semi's suck-- I'll give the bears that much. However, I do believe the market can still rise-- without the SOX. Instead of the SOX, Software, Internet, Networker and even the Retail stocks are showing leadership and are all on-fucking-fire.
As for me:
Well, I am so hot now, I should be renamed "Mr. Inferno." I say that because, despite today's slippage, I was up 0.9%. Moreover, my YTD returns are holding steady at 24.6%. I am enjoying nice upside in ALCO, GILD, DNA, GLBC, ERS, KEX, ACLI, RIMM, etc. As you can tell, I am feeling my oats. Hopefully, my positive attitude is not a harbinger of some sort of impending doom.
Ok, so Cramer is bullish, the market is soaring (except today) and everyone except Barry Ritholtz is bullish ;)
So what?
See, the problem with investors who have been beaten to a pulp, numerous times (1987,1992,1997,2000,2001,2002), is their lack of confidence in the markets. Because the market has tank jobbed and robbed the average investor countless times over the last 20 years-- does not mean it will happen now. As a matter of fact, sometimes the market enriches those who invest in it. News flash!
Meaning: Stop trying to time the top or outsmart the market. Furthermore, don't bitch-out at the first sign of weakness. Remember, we are in a bull market. In bull markets, you (the investor) are supposed to take advantage of dips and buy-- not panic and call for a crash.
As for today's GDP number, I feel it's worth ignoring. Get back to me with a 1.6% 4th quarter number, then I'll start selling.
Bottom line: The Semi's suck-- I'll give the bears that much. However, I do believe the market can still rise-- without the SOX. Instead of the SOX, Software, Internet, Networker and even the Retail stocks are showing leadership and are all on-fucking-fire.
As for me:
Well, I am so hot now, I should be renamed "Mr. Inferno." I say that because, despite today's slippage, I was up 0.9%. Moreover, my YTD returns are holding steady at 24.6%. I am enjoying nice upside in ALCO, GILD, DNA, GLBC, ERS, KEX, ACLI, RIMM, etc. As you can tell, I am feeling my oats. Hopefully, my positive attitude is not a harbinger of some sort of impending doom.
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