GOOD BYE GROWTH LEADERS
I guess it was just a matter of time…but finally, the market is coming after the big growth leaders off of late stage bases. Names like Priceline and Bidu come to mind but I must add that Apple now looks to be coming under pressure. Remember, in bear markets, they will eventually come after everything as anything sticking its head up and in big profits will get taken down.
Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.
As the tides taking out everything in it’s way I am starting to believe that it does no good to fight the market.
The hardest thing for a guy like me to do is to realize and really take to heart the fact that bull and bear cycles are not only beneficial but necessary to maintain a healthy market.. (not that this market resembles health) and it’s usually when the government intervenes we get these distortions.. so I have finally decided to quit being a cheerleader for my pet concerns and try to watch what is really going on..
as you say on closing each day about your kids..if you get to the point where you can’t enjoy the sunrise because of the schizoid market each day- is it really worth your limited time on this earth?
Thanks for your daily dose of truthfulness- it’s a rare commodity and in short supply anymore.
One has to realize there are bull markets…there are bear markets…and there are nauseating markets. Right now, this is a bearish market but of the nauseating kind as it tempts and teases.
I have personally played it very light…keeping my capital and emotions in check…so when we do come out of this…and eventually, it will…I will be better off.