The New Nasdaq Horsemen...
I've been mentioning the term for awhile here, and Cramer outlined and went over them on his show on June 6th.
A couple of things...
Yes, in the 90's it was 4, now it could be more (later this year). However, if you stay with 4, the first to get knocked off Cramer's list will be Amazon. Just anecdotally - all of my major purchases are done online, however, no purchases (not even books) are from Amazon. The sites I go to first - Buy.com, Onecall.com, B&H, Barnes & Noble, etc. These are just a few I use and love and that offer great customer service, and often free shipping.
On the replacement horseman name for Amazon... Apple is changing personal computing this June 29. It will be huge. N in Canslim is New. This is new and will be changing our world. Word is their goal is 3M units sold at launch. I've heard through the grapevine that it's ridiculous how much fun it is just to scroll through your address book on the thing; that's it's stupid how amazing and easy and fun it is to use. Go figure your own revised yearly numbers based on that launch number. And then also think about the networks and other infrastructure and what goes into that need to support this coming change from Apple as well as the increase sales from competitors. That is where your other horsemen will be found, the up and coming ones.
They have been sleeping for now, but, not too much longer. One (and maybe more) of these background support related issues will replace Amazon, or if you prefer to follow and have more than 4 horsemen in this current historic stock market, then these will be in addition to Amazon. Remember, most people never heard of CSCO as it started it's run just after the first Iraq war and then continued it for years.
Keep your eye out and watch the market's leaders and volumes and market caps and you will get these other names soon enough.
GL & GT.
Right now today, we will see what this market is made of after this pull back.
AI
