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Politics : PRESIDENT GEORGE W. BUSH

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To: Steve168 who wrote (336722)1/2/2003 10:36:15 PM
From: Raymond Duray  Read Replies (1) of 769670
 
Re: Did anyone here read Baldur's posts in the past and can confirm he was negative?

Baldur is more accurate, informed and realistic than the majority of the flock who post on this thread. He's no powderpuff intellectual bantamweight who willingly scurries to hide within the malevolent chest feathers of our Chickenhawk-In-Chief.

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Re: There are many problems in US economy and stock market. But do we have to experience more downside after a 73% drop in NASDAQ?

Wrong question. What you need to ask is this pair -- Is the NASDAQ currently overvalued on a historical basis and on the basis of expected IRR and ROE? The answer to both questions is decidedly "yes". For the NASDAQ to be rationally priced, either the profitability of the indexed companies would have to rise dramatically (an unlikely event in a time of deflation) or the price of stocks should reflect the prospects of these companies more realistically.

A NASDAQ priced at 800 would begin to be realistic and rational.

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Re: If consumer keep spending and the economy grow again

Ummm, I guess you missed the news about Christmas sales, eh?
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