Google Stock In Past Six Months
I received an e-mail today from a technology investor I have known for a long time. The Dow Jones Industrial Average was down another 189 points today and the tech stock heavy Nasdaq fell 14.55.
But Rex Dwyer, a principal at Dwyer Fecht Hill in Palo Alto said the end to the blood letting could be near. Here is what he wrote:
“It feels like a bottom to me. I just went conservatively long today. I may be premature, but I am calling a bottom. Remember, although it’s great fun to be right when bearish, most of the money made in the markets is made on the long side over time. I’ll have to revisit how I used to invest in the good ole days.
Technology could post some choppy numbers this month. But since the fear is so high, I still expect a rally. It reminds me of the October 8 market low in 1998 during the Asian Currency Crisis and Russian Ruble default.”
Let’s hope he is right
