Hopelessly Devoted To Technology Stocks

If you think for one minute that it is a good idea to buy the pullback in these euphoric tech stocks, let us tell you that “there’s nowhere to hide” and you need to “push your love” of what they did for you “aside.” Realize that everyone from the cable business shows, research analysts, money managers, and talking heads are “hopelessly devoted” to these stocks because it has made them wealthy professionally. As the media glamorizes the euphoric securities, run the opposite direction because the History Channel would tell you that in the long run it never pays.

My head is sayin’, “Fool, forget him”
My heart is sayin’, “Don’t let go
Hold on to the end”, that’s what I intend to do

We are asking you to use your “head” and “forget” owning stocks at enormous price-to-sales ratios or ones which are massively over-owned by indexes and other passive vehicles. We know your “heart is sayin’, don’t let go!” Most investors in financial euphoria episodes “intend” to “hold on to the end” and suffer the consequences. We call the consequences stock market failure.

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Disclosure: This article contains information and opinions based on data obtained from reliable sources, which is current as of the publication date, and does not constitute a recommendation ...

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