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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: hitsoft17 who wrote (82119)12/19/2000 5:40:22 PM
From: ItsAllCyclical  Read Replies (2) of 95453
 
Hitsoft, you're right the tech market is very segmented right now. LU is still up from where I bought it at 15, but down from where I sold at 20. You can certainly make money trading here and there. It's just very risky.

Also your assumptions on value are only true if we avoid a recession. Right now I'd say the odds are less than 50% that we'll avoid one. The market still is not pricing this in. We won't know for at least another 3-6 months the degree to which things are slowing down.

Nasdaq 1500 is not out of the question from a valuation standpoint. In fact this is probably just the average valuation metric based upon the last 30 years. Not saying it'll happen within the next year, but the possibility certainly exists and it's not being respected.
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