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Strategies & Market Trends : Don't Drink the Kool-Aid Kids
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To: Poet who wrote (542)5/6/2001 12:32:14 PM
From: Stoctrash  Read Replies (1) of 1063
 
Poet...this reminds me of '98. When the bad news got worse the market jumped large as the FED was seen as the saviour.

Will history repeat itself again? Will the liquidity flow help turn the ship in the next 3-6M? Maybe...maybe not.

The biggest problem I've got is still valuations. Even if growth does come back, many techs will still be mucho phatty. I think it will come back over the next 6-18M..but more like 3-9% growth....not the 15-40% rates of the past.
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