Zeev's Turnips - No Politics Message Board

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

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To: 16yearcycle who wrote (33264)	2/25/2002 5:36:49 PM
From: t2	Read Replies (1) of 99280

Eugene, good points. Some of us are looking for the economic numbers to not meet expections Even if economy is fine, the stocks in the Nasdaq were pricing a strong rebound. Cisco's comments the other day along with IBM is telling a story of a slower pick up in demand and if that is the case, people will just get frusterated paying up for these stocks. These are heavyweights and you can bet MSFT is just as negative; for them the consumer driven strong holiday selling season is over and it can only go downhill. For that reason, staying away from Nasdaq and finding alternatives in other areas is not a bad strategy. The big old economy industrials have much lower PEs and are looking ahead to a recovery but that recovery does not have to be a "V" shape for them to go higher. Low growth can still support their stock prices in a low interest rate environment. However, most Naz stocks are priced for a "V". The risk may not be worth it at current prices. Going into Y2K just created too much capacity...along with the overspending. jmho

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