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Weekly Update: A Grizzly Bear We've been in a bear market for only a couple of months, but it feels like forever. I think that's because of the intense frustration that comes from seeing the market continually shrug off good news, both economic and otherwise. This past week I even began to wonder if my interest in the market was coming to an end. I mean it's just not fun any more. Maybe I'd be happier with some other hobby. Who needs all the aggravation, not to mention the risk? Debbie and I have enough to live comfortably. Why don't we just cash in our chips? But then I asked myself if I'd feel the same way if the market was going up. Would I still be bored? That's a no-brainer. Of course I wouldn't be bored. I'd be in seventh heaven. So, while there may be no end in sight to the present slump, there's also no end in sight to my market aficion. It was Wednesday evening when I had this flash of insight and decided to re-enlist. As luck would have it, the market immediately turned around. We had a pretty good week after all, with 20 GTI stocks up and 7 down. I'll take that as a good omen. Maybe the bear is so grizzled because he's old and dying. Returns for Week Ended February 25: Gilder Technology Index (GTI): + 1.8% Nasdaq Composite Index (NSD): + 0.3% S&P 500 Index (S&P): + 0.8% Historical Returns:
Makeup of
the GTI: |
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