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Technology Stocks : Dell Technologies Inc.
DELL 132.08-0.8%Dec 1 3:59 PM EST

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To: Mick Mørmøny who wrote (141166)9/1/1999 2:41:00 AM
From: TTOSBT  Read Replies (1) of 176387
 
Re: "After you read this article about what goes on behind the scenes, you'll realize that your assertions don't hold water at all"

For one the article does nothing to mention the facts that our stock market bubble has much to do about the biggest part of the biggest earning public -the baby boomers. It is this group earning their highest incomes of their lives and saving for a more comfortable retirement that is keeping the market valuations where they are. But I don't see the FED's anywhere talking about this. Just as they (the government) illegally used our social security savings to pay down the national debt now they are using our nest egg savings to try and manipulate our wealth.

The article explains perfectly what happened to Japan -whom I agree was overvalued. Their FED panicked when they saw a little inflation coming and spooked their markets. And then their manipulative banking system did the rest. Besides the Japanese people were money hoarders and sucked every last dime they could our of their markets and chased foreigners away. The prosperity was cut down by panic fear and greed all at the same time.

The American stock market has many undervalued stocks currently. To say we have a bubble is to say a certain amount of influential stocks are overvalued and may correct. I.E. The Dow 30 (or some of them) The Nasdaq big five which is 20% of that index (MSFT CSCO INTC DELL WCOM not too overvalued IMO) and the S&P leaders. The broad market still has growing room and has basically been overlooked in this current boom or at lease not overvalued.

I will admit the current stock market has become more of a casino and that can be troublesome for the more serious investors.

IMO if the Fed just let the market take care of itself true value will always persist. There is just too many smart investors dealing in the American stock market not to let value take persistence. But when they come out with neutral stances and hawkish talk and action and back to neutral stance and dovish talk then extreme shifts in target views that is just too much for fairness and true valuations.

Greenspan gets much of the credit for being the greatest chairman the FED ever had but let us not forget he has had the comfort of a low inflation high productivity baby boomers savings type economy. I still maintain he had a lot to do with making George Bush look bad when he waited a little too long to lower rates early on in his career. Mr Greenspan has learned very well how the stock market watches him and the bond market to get their clues and now he is taking it one step too far if he ventures into our asset allocations.

These last two moves were just about perfect -without the spook talk. It looks like the FED is just ahead of inflation and both the bond and stock market will like that. Now it's on to Y2K fear which will create the biggest buying opportunity in history!

TTOSBT
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