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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: re3 who wrote (36444)11/11/2000 1:51:11 PM
From: GraceZ  Read Replies (3) of 436258
 
i don't think it will be too palatable if j6p sees the nas with a 2 handle...

At the risk of being accused of being a Clown here, I'd venture to say that a drop to 2600 and a selling climax would be extremely bullish. You start to get bearish when companies are reporting record earnings and reaching all time highs, you start to get bullish when you have earnings shortfalls and new lows. Maybe this simple fact is too contrary to your hope for the worldwide financial collapse, you know the one needed to make those mining stocks worth something.

Of course the generals in the NAZ are about to be replaced. Anyone could see two years ago that the percentage growth of their stock prices was higher than the growth of their revenues/earnings. Meanwhile companies with much higher growth rates are emerging to take their place. There is always something to buy, the same way there is always something to sell. If you'd step away from PM hell for a while maybe you'd be able to see that. -g-
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