A few stocks in the cloud computing , social media, and online streaming segments have a 1999 "bubble" feel to them.
NFLX, OPEN, BIDU. The patterns are very similar to CSCO, JDSU, and a few others from 1999. Decide for yourself. Be patient and wait for the signal. That's how the big money is made.
Sunday, February 13, 2011
2011 Outlook
2010 ended up being a year for consolidation before taking off in September. The indices are all hitting 52 week highs and the trend is very strong to the upside. Corporate earnings have mostly beat estimates and the higher equities price are well justified as fundamentals are supporting this move. Short term, I believe the market will face consolidation into mid March before moving higher.
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