Hi Peace,
What a nice name, Did you pick that to avoid conflict on SI?! <ggg>
All the money ran from the NAZ into the INDU, now those stocks are getting pricey... High PE to relative history standards. Believe me there is nothing "New Economy" about Industrial Stocks, I think the name kinda covers it "Dow Industrial" ie Textile, Steel, Auto, Construction, etc.
Just think of all the Porsch dealers who thought they were going to have another Silicon.Com X-mas! Take 1 auto; domestic or import (you choose) <g>, and try to look at all the industries it impacts. Electronic, Steel, Textile, Oil & Gas, Transportation, Gov't (taxes) of which Bush will be giving you a tax cut (Merry Christmas!) Manufacturing, Computer, Communication and on... The Big 3 or 4 are already warning!
3Com warned yesterday, everbody is warning, that means get the hell out of the water! Unless you are a Seafood House!
I read a post here where somebody said "I NEVER SHORTED 1 STOCK!" "BUT I HAVE BOUGHT PUTS!" what the difference. It seems all here have a problem shorting this market. Let me make it simple, Flip your charts upside down for the next couple months, and everything will be good in you're world! <GGGGGGGGGG> Of course as always I-M-H-O!
There is no Santa Clause, so therefor NO Sustained Rally!
John |
