Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (6162)	7/22/2001 3:49:55 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

>>The shifting positions of the front line US equity indices seem forever pinned at essentially the beginning of year level, despite the massive FED easing and the tax cut ...<< Why not say BECAUSE of FED easing?...The only result I see is, as you say yourself, ridiculous PEs - what kind of PE do you tag on a company losing money? -200 for Yahoo? Oh dont worry, we'll fix the numbers... There's a game we call Mikado (of course coming out of Japan), where you throw in the sticks and then try to pull them out of the heap one by one, without disturbing the eternal peace of the rest. This is what the world looks like - pull out Argentina? Go ahead, make my day, harharhar... Its a beautiful, blue-skies day here in Munich. Feels like going skiing even if its summer - its subconscious. Have another coffee and go do my ironing - my serotonin levels just cry for the gym. Re Japan and Japanese, I took my wife to eat sushi yesterday; - that's what one would call capitalism with human face. Otherwise, there's not much I can do about the Pacific rim situation. All the best to E'body. dj

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