Today’s situation reminds me of the fall 2000 which was a very difficult time for me as a contrarian investor. The internet bubble had broken in March when the Nasdaq peaked at 5132 and all those crazy valued dotcom stocks had crashed. In the three weeks after the Nasdaq had peaked it looked like the whole stock market had broken. But it hadn’t because investors rotated into what they perceived to be safer big cap tech names. So, they piled into stocks like Intel, Cisco, Microsoft, Nortel, EMC and Sun Microsystems. And that’s what we’re seeing today in a similar way with stocks like Amazon, Apple and, again, Microsoft. https://www.zerohedge.com/news/2018...ey-sees-gold-gains-money-printing-never-works
From zerohedge article.... How much money has he let slip thru his fingers with this strategy? Fundamentalists seem to want to cling to the 'gold is a hedge' theory. My opinion, it's best not to have an opinion, let the market decide on what is flavor of the month.
Zerohedge is calling for a crash each month since the last 5 years. One day, they will be right. Even a broken clock is right twice a day...
More like every week since the bottom in 3/2009 They have some interesting articles but the never ending bearishness is annoying (and deadly to your financial health)
Cant see any similarity. Dotcom, biotech, tech topped and rolled over out of phase. No business plan and no profits for the dot coms. Highly speculative for the biotechs. Yet there was a catalyst for big tech. John Chambers (Cisco) famously stated "no visibility" regarding Cisco's forward earnings. WTF does that mean? No one stick around to find out. Could be I have a blind spot though.
Not everyone fear crash. ONLY investors, shareholders, banks fear crash. Traders don't fear crash. ___
cisco is in deep shit cause of a company mikrotik out of Latvia, which is kicking their ass. recently i installed a fiber connection and att wanted like over 12k for a managed fiber router which is a cisco rebrand. i went unmanaged mikrotik for 800.00 device hired a consultant and saved myself not only 250 a month for management but about 10k on install. mikrotik has even better capability than anything cisco makes for fraction the cost.