SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ken Benes who wrote (46953)1/10/2000 4:51:00 PM
From: Terry Swift  Read Replies (1) of 116762
 
I'll pass. The NASDAQ and DOW lost all touch with reality long ago. When valuations have become insane, how insane is insane? Sure, the techs could double over the next week... they could also lose 90% of their current market cap when the light goes on for the investing public and they realize their investment philosophy is based on the 'greater fool theory'.

The historical PE ratio of all NASDAQ stocks is 25-30. The current PE ratio of all 4500 stocks on the NASDAQ exchange is currently in excess of 200. That is only those companies that have earnings; that 200+ PE ratio does NOT include loss companies. Talk about fantasy land! The NASDAQ and DOW are in the Twilight Zone and when reality returns, you will hear the biggest popping sound in the history of the planet. This will not be a repeat of 1987. This time the market will take the consumer; and thus, the economy along with it. I'll hang onto gold and cash, thank you.

Good luck, Ken. I hope you're one of the first ones out the door when the music stops. Not many are going to make it. When these techs and inter-net stocks crash it won't be just a matter of plunging prices; for a lot of these turkeys there will not be any bids... period.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News