Unbelievable how blind most are. Look at some of the most actives today:
CSCO, +7.3%, 53PE, 5xSales
SUNW, +12.98%, ZIPPO PE, 4.18xSales
ORCL, +9.52%, 23 PE, 5xSales
MSFT, +5.15%, 33PE, 8.98xSales
AMAT, +7.13%, 1346 PE, 4.32xSales
DELL, +5.56%, 55.9PE, 2.14xSales
JDSU, +17.27%, ZIPPO PE, 3.04xSales
BRCD, +6.21%, ZIPPO PE, 6.74xSales
QCOM, +5.43%, ZIPPO PE, 7.26xSales
NTAP, +27.66%, 141 PE, 2.94xSales
Let's not even get into Debt levels. Truly unbelievable how they ramp these prices even temporarily. When the final washout does occur, it is going to be more painful than anyone realizes. There really are just a handful of "nutty" people who truly see what is coming. Just try and say what you think in a group of people anywhere. You are looked at like a crazy person at best and usually a traitor to the country.
I remain,
SOROS |
