For the last year or two big tech has been hot, so has new tech. For prudence sake, it might be time to take a little money off the table. No one can time the market, and the bubble has risen far further and for a lot longer than any rational person could have predicted. There is an old Wall Street adage that comes to mind: “sometimes bulls make money, sometimes bears make money but pigs get slaughtered.” As I describe in this video, the price of big tech in some of our newest tech have run too high too fast.
Personally, I coined my own phrase to describe this very situation. This can be described as running with the herd. However, what my phrase points out is that: “the problem with running with the herd is that your ultimate destination is the slaughterhouse.” No one can time the market with perfect precision. And frankly, I have seen both fear and greed hurt people financially. But most importantly, fear tends to be the most powerful of the two. Consequently, I am simply suggesting that if you own these highly valued tech stocks, it might be both wise and prudent to lock in some of your profits before the fear sets in.
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Disclosure: Long JBL
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