This is how Buffet got rich:
web page Professional investment managers try and do this every day. I say stick with the industries you know, look at products that will sell well in the near future, then buy the companies that make those products or the ones that supply the companies that make the product. Its easy
, you just have to know what products are going to take off; razor scooter anyone?
You better be stubborn in the market but for the right reasons and at the right price.
I wouldn't get to focused on past tops and bottoms, granted I wish Nasdaq went back to 5K so my QQQ shares would triple in value but its not something thats going to happen tomorrow or even in the next 5 years. A small portion of my money is there in the hopes that it will take off but I'm not banking on it. You can't bank on the market its a market, not a bank. IOW prices reflect perception, right now perception is piss poor. In a few years it may turn, if you look hard enough, you can find some winners, but I wouldn't be looking day to day unless you're a professional trader, and those guys have tremendous tools, I wouldn't try to compete with them.
