Does anyone here think that INTC or any other large cap stock can make 20% gains in the face of a flat or declining broader market? That is, once the bull market ends, will INTC be able to make big gains, while MSFT and everyone else stagnates? I think not.
The current bull market has already had a long run, how much longer can it go? Who knows?. One thing we DO know is that we have 1.5 years less time left than we did in Dec 1996. Had we ridden the bull during this 1.5 years we would have made about 40%. Had we ridden INTC instead we would have nothing.
In the next year, assuming the bull continues, we can ride it to good profits. If we instead ride INTC, and INTC continues to perform as it has been performing, we will again have nothing to show for it.
Can someone can make a strong, convincing case that explains how INTC is somehow different now than it was a year ago, and no longer warrants the stagnant stock performance of the last 18 months?