Joe Battipaglia: Re: Re: A Capital-Spending Bonanza?

» Kirk - Re: Re: A Capital-Spending Bonanza?

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In response to Re: A Capital-Spending Bonanza? posted by pete2214:

Here is a guy who ruined many peoples life saving during the dot com bust. They usually call him at CNBC when the market is down.

How so? I remember checking Joe’s web site back then and he recommended a diversified portfolio like I do here. My newsletter portfolio is filled with tech stocks, to the tune of about 43%, and it is well above its peak 2000 value. Thus being “a permabull” or “optimist” and owning technology stocks doesn’t mean you are in bad shape today, especially if you pay attention to GARP.

Joe was bullish at the top, but he remained bullish throughout the bear because he believes in the long term value of the stock markets. If his bullishness caused anyone to get too aggressive or too sector specific in what they owned, then they have themselves to blame, not Joe.

FWIW, Joe is a regular on FOX. I just saw him speaking as I started this reply.

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For 2005, "Kirk's Newsletter Portfolio" was Up 13.2% vs. QQQQ up 1.2% vs. DJIA down 0.6% vs. S&P500 Up 4.8%

As of 12/31/05 the Total Return for "Kirk's Newsletter Portfolio" since 12/31/98 is Up 197% while the S&P500 only up 12%!!! & NASDAQ only up 1%!!! (my portfolio beta is roughly equal to that of QQQQ.)

What should be quite clear is a “buy and forget” market strategy using the DOW, S&P500 or NASDAQ would have under performed holding money funds over the past seven years while my newsletter portfolio nearly tripled every dollar invested

GARP stands for “Growth At a Reasonable Price.”

-- posted by Kirk