| The Dow was falling yesterday and at the same day Garzarelli turned
bullish :-)
Now - could this be the start of the great market crash of 1997 ?
Or might it be a buying opportunity before the great run-up into the
next century ?
I really don't know. I think the question is useless.
What I do know (or at least I think I know :-) )
- The market has had a hell of a rallye over the last few months.
Short-term, it's about time to take some profits. If you wanted to
sell a stock anyway, it's about time now. But I have no idea about
how big a decline this might cause in the overall market.
- The technology revolution still is in full swing and powers economic
growth long-term and on a global scale. This trend is not goin' to go
away, even if the Dow falls to 6000, 5000, 4000 or whatever. Long-term,
there is value in holding MSFT or other stocks that have a solid
market position. They will emerge again, question is only, when.
Klaus
|