Value Microcaps Motherboard

[cliffvb]

MSGI and wade, I mis-spoke when I said that valuemicrocaps will go up in a down market. What I meant to say is that value stocks on a risk adjusted basis should outperform the market as a whole in both bull and bear markets. Some of us seem to believe that the market is due for a big fall. Perhaps, but then again several pundits were saying the same thing a year ago and today the dow is about 15% higher than it was then. They may turn out to be right this time but my point is that I feel it is very difficult if not futile to try and guess the future direction of the general market other than in the longer term it will be up.

PS: msgi..I'm glad I wasn't in the market during the 70s. I think two things have occurred that have massively lifted the tide of all microcap boats since then:
Now as then, there is little or no analyst coverage of micros but now there is the internet. The individual investor has virtual simultaneous access to information that the professionals do. And we can all share that information over mediums such as this one. It is difficult to even imagine researching more than a few unknown companies without the internet and also back then, one's confidence factor of having all pertinent info would be much lower. Another factor is that transaction costs are only a miniscule fraction of what they were before the internet era. I recall paying $200 plus commissions before I established my online brokerage account. Lower transaction costs improves liquidity which also helps to lift the boats of all stocks.