Monday, July 25, 2005

It's Deja Vu All Over Again?

An analyst calling for Amazon at $400, oil at $105.

Some guy puttin' 90% of his money in energy stocks?!

It's a long cycle?

You can (gulp) buy and hold (for 9 -13 years)?

The funds are overloaded in the stuff?

Here come the Internet nutcases.

The charts are looking bullish.

Guys running around in robes celebrating.

[Wait, wait.. That last one was Tyco, not Internet bubble, nevermind.]

Now the job hopping.

Remember, here's the key:

When your neighbor corners you at a party and starts talking about the money he's making on oil stocks, RUSH RIGHT HOME AND SELL ALL YOUR ENERGY STOCKS. In between then and now, relax, do your thing; dollar cost average, trade a little, whatever. It's all good.