Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (80393)	11/30/2000 12:47:50 PM
From: SliderOnTheBlack	Read Replies (4) of 95453

I don't think this is anywhere near the bottom in the NAZ ...days ago; margin was ONLY down about 10% from its recent peak - that was still near alltime highs. I'd raise the odds of a sub 2000 NAZ from 1 in 3; to 50:50 with a nod to the downside. BTK 400 and I'm going to Monaco - the hell with Vegas (VBG) - and I just might take Richard along as my valet...hate to be cheering the downside ride; but this was, and still "IS" a bubble by any & all valuation metrics. 6 straight Fed hikes and $35 Oil - with alltime high valuation multiples ? hello.... merely the ultimate pigs got fat & hogs got slaughtered posterchild market - history lesson. Sorry for the Tech pain people; but someone's got to profit... BTK has to just collapse upon another 200 NAZ points down... probably prudent to begin looking for a cover/exit spot on shorts & puts; as a "free fall" won't be permitted and the fundies will be tape painting hot & heavy at qtr end - end of Dec. But; imho - the downside continues in January for Tech...

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