Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: stockman_scott who wrote (31977)	2/21/2002 7:45:09 PM
From: limtex	Read Replies (1) of 99280

ss - the market usually gets it right. P/Es have to get to 6-8 in the then ambiant profit environment. 6-8 becasue it reflects a valuation that takes account of a massive walkaway by investors many never to return. So less demand for stocks. Also the bear psychology is now being thoroughly ingrained. The bears have won, game set and match. This year is turning out to be even worse than the last two years of the bear. The destruction in wealth is awesome and is now self fueling and becoming self destructive. The bears say thats what we deserve and the market should collapse....it is. In Nov 200 the CFO of MSFT came out in a conference in New York and said that there business world wide had suddenly collapsed. We should have know then it was all over. He has just said that he sees no sign of a recovery. No t even a sniff. INTC has said more or less the same. Mr G has doen a magnificent job....targetted the NAZ and in the process has blwon up the entire economy. Best, L

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