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Non-Tech : Raptor's Den

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To: JRI who wrote (146)	3/21/2002 7:08:41 AM
From: mish5000	of 10157

Tired of the same old excuses: To:SemiBear who wrote (42458) From: mish5000 Thursday, Mar 21, 2002 2:20 AM Respond to of 42467 Who gives a damn if Housing starts were good? How does that affect the earnings prospects of EMLX, VRTS, BRCM and all the rest of the Nasdaq bubble stocks? Forget about a tech recovery folks, until all the deceitful BS and creative accounting has been banished - we are still living in the son of bubble. "But Earnings are improving and companies are beating expectations" - Oh really? After Slashing Estimates by 75% I would damn well hope so.... "But we have fallen 3000 points from the high - we can't go down anymore..." - Someone care to take a look at something called Valuation...We are more richly valued now than we were 2 years ago at the peak of the bubble... "But the analysts are all telling us that GDP will be at 5% growth by next year" - Ohh you mean those same Analysts who had a strong Buys on JNPR, SCMR, ETYS and EXDS at $200?? Ahhh... Very credible... Sound like a reliable bunch of folks. WAKE UP AND SMELL THE COFFEE FOLKS and If you are feeling particularly brave read this article - I dare you. smartstockinvestor.com

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