Trading the markets..... Message Board

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Pastimes : Trading the markets.....

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To: GROUND ZERO™ who wrote (3957)	3/8/2001 7:22:58 PM
From: Real Man	Read Replies (1) of 4583

GZ, good for you! I guess you are right staying positive in general - shorting is unpleasant with these sharp rallies. The fundamentals have been stinking for a while, and NASDAQ is still extremely expensive by any valuation measure. This is no <g>, since the excesses that we had for a while are going to make 1929 look like a walk in the park... So long term it's likely down for a while, until the excesses are cleared and stocks are hated. I'm long mining stocks right now - looks like the pressure is building under gold - lease rates are up a bundle, and the gold indexes are going up since November-2000. I've been through a really bad bear market in Russia in 1998 (down 96% from the top), lost 1/2 of what I had. Just when you think it's over it goes down, and this stuff just drags on and on. It's when you have lost all your cash trying to pick the bottom it finally turns... I think the bear for the NASDAQ will be similar to that, wiping out all the gains of the past decade. I went long the Russian market when it was down 70%... It's a long painful 85% down from 70% to 96%. I'm not short tech stocks now - just staying away.

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