Friday, November 10, 2006
Quick Alert: The Market will Never Go Down Again
Good news, folks. The market will continue its upward trajectory, forever, as long as there are healthy dip buyers.
Do not fret 50 times PE ratio's or earnings shortfalls. Instead, continue to buy tech, as the "new economy" adds another .5% to the GDP.
(sarcasm off)
I am 90% long, so this move is beneficial to me. However, when I see stocks like SiRF, RACK and SYNA go up everyday-- it annoys me. I don't know why, it just does.
Anyway, I suspect the market will power up into the close. Different day--same old bull market.
Do not fret 50 times PE ratio's or earnings shortfalls. Instead, continue to buy tech, as the "new economy" adds another .5% to the GDP.
(sarcasm off)
I am 90% long, so this move is beneficial to me. However, when I see stocks like SiRF, RACK and SYNA go up everyday-- it annoys me. I don't know why, it just does.
Anyway, I suspect the market will power up into the close. Different day--same old bull market.
Comments:
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... and yet, stunningly dull all day long. next week looks like lots of interesting data coming out, and op exp, should be much more interesting for better or worse.
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: 4:11 PM
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