SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials
AMAT 230.17-1.4%Nov 7 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: not925 who wrote (53524)10/2/2001 2:43:03 PM
From: Gottfried  Read Replies (2) of 70976
 
not925, thanks for posting the Templeton interview. He says the Naz is still too high but tempers that with saying in particular cases stocks are low enough.

>Mack: The Nasdaq for instance, has gone down 70% since its high reached in March 2000. That's still not enough for you? Still not low enough?

Sir John: In particular cases, yes, but not as a whole. If you look at what are the earnings on those stocks -- let’s say the Nasdaq 100 stocks -- the last time I looked, it was selling at infinite price/earnings ratios because the group as a whole had no earnings. So it’s still too soon to expect a bottom in technology stocks.
<

That makes the case for not trading QQQ because many poor performers are keeping it down. Invest in still profitable Nasdaq companies instead.

Gottfried
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext