tonysolomon: Here's the reality of your situation.
1. Nearly all of the tech stocks you own will never see the prices they sold at 12 months ago.
2. Nearly all of the tech stocks you own will be worth less than current prices in 12 months.
3. The next "bull market" will be one more bear market rally lasting 2-6 weeks in an ongoing bear market than will last 1-2 more years (at least).
4.None of the telecommunication chip stocks you own will "bounce back big" -- the telecom sector still has way too much capacity and the major telecom companies are deeply in debt. There is no demand for these products.
5.<<The markets deserve a major rally. Say what??!! The markets don't deserve anything of the sort. The markets will move in reaction to valuations and the future health of the U.S. economy. My own feeling is, FWIW, that the stocks are still overvalued and the U.S. economy has dim prospects looking forward due to: staggering balance of U.S. debt, now at an all time high; George Dubyah's insistence on running a wartime economy, with massive defense spending and widening deficits.
My heartfelt advice:
1. do not buy anymore tech stocks because they are "great bargains".
2. do not "double down" on the losers you are already holding.
3. avoid day trading and highly risky maneuvers in a futile attempt to make back what you have already lost.
4. consider selling the tech losers you already hold, take the tax loss, and put the proceeds in a non-corporate bond fund until this bear market blows over.
5. save more and avoid piling up debt. Make certain you are in a position to take advantage of the next great investment opportunity, even if it turns out to be 5-10 years from now.
Good luck and sincere best wishes.
DlphcOracl
AI
