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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Boplicity who wrote (20425)11/29/2000 9:51:09 AM
From: Ex-INTCfan  Read Replies (1) of 65232
 
Here's one Greg -- sentiment. Recall February -- things couldn't have been better. Everything was going up -- briefing.com said it was like groundhog day -- every day the same thing -- new highs for almost everything. That surely was the time to sell.

Now, things are dire. Fortunes have been lost. Greenspan refuses to go to neutral. The economy is slowing. PEs on quality growth stocks are down to the area of earnings growth rates. There is no chance to sell a stock at a profit if you hold it more than a day. There are no areas of safety. Does this sound like a time to sell?

INTCfan
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