Zeev's Turnips - No Politics Message Board

STOCKTALK

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.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rock_nj who wrote (60845)	5/2/2002 8:08:50 PM
From: augieboo	Read Replies (1) of 99280

The bear's scenario seems to paint a picture in which tech spending and earnings drop significantly from current levels and cause the tech stocks to fall as well. I honestly don't think so. I think it's a matter of whether they can grow earnings fast enough to justify their current valuations. (Remember, by earnings I mean real $$$ in the pocket earnings, not this pro-forma imaginary-number crap they've been feeding us.) Sadly, given the current anti-pro-forma environment, I don't think that most techs can possibly grow earnings fast enough to justify the prices at which they currently sell, let alone any increases. I say this sadly because I live right near Silicon Valley, and I have a lot of friends who have lost jobs and are looking at losing their homes, cars, etc. It's pretty ugly out here. augie

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next