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Uh, why not, we had years of profit growth from booming business at the same
time that interest rates fell dramatically...that said, I think sectors of
the market have already incorporated a slower growth, lower interest rate
environment into valuations, but others haven't (yet). This is my own
rationale for the Naz-Dow divergence. As the good companies start reporting
mediocre (for them) growth (LU, TLAB, QCOM, EMC, DELL), valuations in this
sector will come down to reflect a less optimstic future.
Still an optimistic one, however. YHOO at, say, 250 still implies a lot of
success over the long haul to make sense.
I think Boggio's approach will look good - - wait for some of these stocks
to come down before getting in.
Regards
DanG
Gwenael Gautier wrote:
>
>
> One thing is certain: We cannot have both profit jitters due to slowing
> business and rate jitters due to an overheating economy...
>
> Best to all
>
> Gwenn
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