More Bubble Talk

I don’t know whether to mock all of this talk about being in another tech bubble or be scared of it. Truth be told, it’s a very subjective topic, as the market, in some form or another, is continuously in price discovery mode. Whether it be tech, housing, banks or biotech, the valuations of these hot or cold sectors wholly depend on the mood of investors–plain and simple.

So, if people start to believe we are in a tech bubble, guess what: we will pop said bubble and the valuations of once rich tech companies will be reduced to garbage cans. My opinion won’t matter, as the chorus of bearish investors will scream at the top of their lungs to get out of tech. We can harbor opinions as to where XYZ belongs and we can buy those shares as they appreciate or decline, hoping to time it perfectly. But we’re never gonna nail it right. Investing is a messy thing, especially when you’re trading around a lot.

What is FB and YELP worth? Are we to value them at similar metrics, or should the smaller company be valued higher due to a possible takeover premium?

Will Bill Ackman assist in the next social media hostile takeover?

The world has a lot of questions and I have very few answers, sadly enough. However, don’t that stop you fine folks in the comments section from relaying certain truths about investing: how it should be done and where stocks are heading in the immediate, intermediate and long term.

After six days of gains, it’s depressing, frankly, to see most of my stocks down $3. It’s repetitive and even boring to lose money in such wanton fashion. I guess I could sell a bunch of stuff and “lock in” a cool 23% loss. Or, maybe I can weather the storm and wait for earnings to be the true arbiter of price discovery. Either way, you’re only as good as your last thesis trade. Thus far, I am an abohhrent mess–but can still find the time in my day to track down each and every one of you little trollops and correct your misdeeds–so remember that.