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.
Strategies & Market Trends : The Stock Market Bubble
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tommaso who wrote (3199)5/31/2000 11:22:00 AM
From: The Ox  Read Replies (2) of 3339
 
To clarify: "moronic" was used in conjunction with an expected 90% drop in the major US market indexes. In my opinion, the world today, by no means a perfect situation, is not about to head into a major depression which would cause the U.S. market indexes to drop 90% from their highs. This is not going to happen, again-in my opinion, so that anyone who tosses out such an expectation with out backing up their opinion with 'reasoning' falls into that category. Forgive me if I offend anyone with this viewpoint.

I will be surprised to see the DOW below 7000 given today's economic conditions but I do believe that it's possible.

BTW, simply citing historic PE norms and implying that the current high PEs are way out of line isn't that much of an argument, IMO. Anyone can pull out one figure from an equation. Without the other variables for reference, one figure alone is relatively meaningless. As we should all know, PEs vary with respect to the growth rates of companies. Pointing out that there are many companies that have "high PEs" without reference to their growth rates can be a misleading point of view.

Best of luck and, gee, I hope you will forgive me since my grammar and diction aren't up to your high standards!!

Michael
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