The journalistas have got it all wrong. Why do we “have” to correct? I mean who made the rules? better question is who follows them? I am not being a perma bull, but I just cannot understand the daily calls of the media for the market to implode….”oh my, too far too fast“…”double dip recession is around the curve“…”all the buyers are in“….oh and the best one…”the volume is light, just wait till everyone gets back from vacation after labor day“. Are they nuts to imply that only the “bears” are on vacation at Jellystone park with Yogi and Boo Boo? and why the hell would they be on vacation in the first place with the market up 3000 points from the March lows. I don’t know about about this chatter, but I would not be on any type of vacation after getting ripped by an almost 50% up in the market.

The second question is…”is the 1999-2000 dot com bubble all over” — ABSOLUTELY NOT…I lived it…on a good day the average stock moves 2-3 points at BEST. Back then you had stock’s swing 20 plus points a day. I just say as the market goes up scale out and scale in as opportunities arise….but if you are waiting for the big collapse….that’s not a strategy, its trading on hope

I think tech is shaping up to rip into the holidays…get your tickets early, ladies and gentleman! ….do you own DD and have a wonderful weekend.

If you enjoyed this post, please subscribe to my RSS feed!