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.
FAST Graphs Analyze Out Loud Utilizing:
Apple (AAPL), Microsoft (MSFT), PayPal (PYPL), Square (SQ), Arrow Electronics (ARW), Jabil (JBL), HP (HPQ)
Disclosure: Long JBL
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