Lee, the disconnect continues as long as YHOO, AMZN , ARBA are above $5 and CMGI, PCLN and other similar stocks are above $1. The list is long to post.
CSCO tries a $2.7 billion financial gimmick to show better results in the future and the stock is still around $20, SUNW, CPQ, GTW margins are that of a supermarket chain and sales growth is negative and trade at 60 to 80 times earnings (or even more) INTC is not much different not to mention NT, LU, MOT, HWP or IBM.
CA got red-handed by the NYT and CNBS still promotes the stock.
People are being laid off well over 1 million to date (close to 800,000 formal announcements) with in several months, and retail stocks doubled in the meantime.
Many banks and Insurance companies like Aetna, Cigna J.P Morgan or Chase etc., do not even publish their numbers - the employees work in a "replacement" center and still get their very reduced monthly pay.
Now how do you connect that to FA?? DOT.COM is not even in the picture.
First we had the $$$$ island truck driver now we have Schwab telling every one to stay put and buy the dips
the brain wash is phenomenal and nobody really cares. This FED is going to completely ruin the notion of store of value. Some were some time a kid will discover that the king has no clothes, and I hope I will not be around then <GGG>.
Haim |
