Stockman Scott's Political Debate Porch 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.

Politics : Stockman Scott's Political Debate Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim Willie CB who wrote (1853)	7/11/2002 2:17:07 PM
From: T L Comiskey	Read Replies (4) of 89467

Jim...I just entered VTSS at 2.56...Zeev sees a run to 4-5 per share...the rally he 'Expects' should run to 1540 or so...then cave to a new low.......... (if the turnips fail...Its head for the hills..but) " Not Yet...Dear Lord...not Yet"..St Augustine T To:qveauriche who wrote (121466) From: marginmike Thursday, Jul 11, 2002 1:10 PM View Replies (1) \| Respond to of 121470 QV a fair argument, and you may well be right. HOWEVER the bear case is as follows. Asset bubbles like the one we have just lived through do not end with litlle minor recessions. All the excess's that were created, and all the balance sheet damage created by the bubble need to be corrected. The Us govt,consumer and its corporations have built up massive debt and have created the real bubble which is a credit bubble. Stock and housing prices have been inflated by new age financial derivitives and financing plans. This credit bubble is still in full tilt as you can see by the 0% financing and incesesent Mortgage ad's. The stock market bubble has been poped but the credit and Dollar bubbles still remain. UNTIL these bubles are corrected the economy and markets will not bottom. I am not saying there wont be a rally here, cause I think there will be, but we havnt had the REAL RECESSION yet. That will occur as the housing and retail biz hits the skids. The real economy is still structured arround Construction and just like the dow held up in lieu of Nazdaq housing is holding up in lieu of the overall economy. I am just now hearig that people I know are cutting back. The new reality is just beginning not ending, and until people feel that the futuire is really bleak there will be no bottom. All I hear is how good things are out there. Except everyone I know isnt making any profit % because of margin squeeze, deflation, and competition. This quarter the earnings will be drasticly below where people expect them too as CEO's think twice about managing their quarter. I would also point out that one of the ways companies like IBM and DELL made numbers was by borowing money and buying stocks are selling puts. This invisible suport for stocks will cease as the blow up in these companies faces. I would also mention the pension liabilities for major US companies are beginning to come to light as we speak. This will be a huge drag on earnings unless something changes soon.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next