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Fred Hickey, the outspoken ...
Fred Hickey, the outspoken editor of the widely-read investing newsletter 'The High-Tech Strategist', says this won't work well for long.
"By the end of this year or by the start of next year, without QE, the market is going down", says the sharply thinking contrarian.
In his view, especially the outlook for semiconductor makers like Intel is gloomy.
As protection against the upcoming crash he recommends investments in gold and in gold mining stocks.
, after the short setback in October the hunt for new records at the stock market is on once again.
What's your take on the current situation?
We are living in an aberrational world.
It's all driven by an orgy of money printing.
All the major central banks are engaged in this.
From the Federal Reserve in the United States to the ECB, to the Bank of England
and the National Bank of Switzerland
to the Bank of Japan and the People's Bank of China
Now that those government-backed bond ...
Now that those government-backed bond purchases are tapering off, people are starting to realize "the only thing holding this balloon up is the Fed blowing air in it," said Fred Hickey, editor of The High-Tech Strategist newsletter.
That's why he
believes investors are parachuting from stocks that had soared to dizzying heights in a short period of time.
"It's the most insane pricing I have seen since 2000," Hickey
says of technology stock prices.
"Investors are rotating out of the risky or high-momentum stocks into safety, but they always do that," Hickey
thinks an even safer choice is to sell all stocks now and save the cash until the current turmoil settles down.
And according to Barron's ...
And according to Barron's Roundtable member Fred Hickey, editor of The High Tech Strategist newsletter, "IBM is richly priced, and it's a good time to look for an exit.
Barron's Rountable member ...
Barron's Rountable member Fred Hickey shares his outlook on the tech and financial sectors' breakdowns with Barron's Michael Santoli. (Jan. 21).
Opteron building momentum, but needs help
The Sunnyvale, California, company was the recipient of some positive buzz this week within the investment community, after Barron's editor Fred Hickey revealed in his technology newsletter that he recently purchased some AMD stock based on his belief that Opteron could compete, and win market share, against Intel's Xeon chip.