Waiting is probably good.
Besides knowing a couple of investment advisors (fellow soccer/little
league dads, members of theology study study groups, and so forth), I
try to listen to Louis Rukeyser's show on PBS every week
(http://www.pbs.org/mpt/rukeyser), and as much of Bob Brinker's
weekend radio show (http://www.bobbrinker.com) as possible. Don't
have time to read WSJ or any of that.
The "pro exuberance" investment cable shows that spring up during the
tech bubble have been severely criticized for not following
appropriate ethical practices about revealing the connections between
the stock recommendations of the "analysts" that are on the shows,
and the companies themselves (much less the connections between the
giant media corps that own cable and the corps being recommended).
What a mess.
Anyway, conventional wisdom appears to be that no on knows what the
heck is going to happen to the economy in the second half of the
year. They say that *eventually* there are going to be some
outstanding values in tech stocks (minus the "irrational exuberance",
and that long term outlook for growth of the tech sector is
excellent), but predicting the bottom for the whole sector or market
is obviously very tough, much less any specific stock.
Obviously the idea that there is a "new economy" (tech economy) that
is somehow largely independent of the "old economy" has been shown,
in the wake of the idiocy and madness that led to collapse the "dot
com" phenomena, to have been both a form of collective hypnosis and
yet another act by cynical market exploiters (whose business
practices are at best ethically questionable, and IMO, legally little
more than legally sanctioned thievery) such as short sale and "pump
and dump" artists.
The classic source of info: http://www.morningstar.com
Note: they have several links to info on the tech sector on
their main page.
happy investing (or not, as the case may be),
ep
On 4 Apr 2001, at 8:01, Boivin, Patrice J wrote:
Date sent: Wed, 04 Apr 2001 08:01:09 -0800
To: Multiple recipients of list ORACLE-L <[EMAIL PROTECTED]>
...
>
> I thought that a bit a diversifying (investing in the U.S. as well as
> Canada) might not be a bad thing, esp. if solid companies are currently
> undervalued.
>
> I can wait though -- no rush.
...
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