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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (88929)3/20/2001 11:39:56 PM
From: SliderOnTheBlack  Read Replies (1) of 95453
 
What's all this cry-babying about the FED ?

... let's face reality - the DOW and S&P are merely contracting their valuation multiples here as they should - atop a long bull run - being at still historically rich multiples given a slowing economy.

The NAZ - was purely & simply a euphoric bubble.

No one came on CNBC - laden with guilt; wanting to return part of their QCOM "winnings" in Dec '99 or Jan '00 ? So, what the hell are they bitching about here ?

So now that we are merely returning to earth in the NAZ - we've got a 24 Hour - end of the world; the Fed Blew it CNBC Crisis report ?

C'Mon.... the media seems determined to do a "180" here going from "bubblemania to beeselbubbamania"...

Anyone who took any degree of profits in the DOW & S&P has just had a tremendous 3-5 year run & has NOTHING to fear, or be upset about here.

NAZaholics ? - what did they expect.

People have been talking about the PE's & valuation multiples since the original move in Oct of 1999 took off - taking stocks into orbit.

Anyone who didn't sell into that & who came back for more after the April 2000 blow off; let alone here during the last 5-6 months - deserves no sympathy... people got greedy - period.

There's no free lunch - you'd think people thought that all RISK was eliminated from the equity markets.

Let 'em bleed... let 'em cry ...let 'em eat KREM ~

... after all - ultimately we'll be needing someone to sell our gold & silver shares to at the top.

;)
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