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Pastimes : Richard Ney and the Wall Street Gang
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To: ccryder who wrote (24)11/24/1997 10:40:00 PM
From: BenYeung  Read Replies (2) of 492
 
Valuations...valuations...valuations...I am sick of those words. The pace that stocks appreciate are not and should not be associate with the growth or so-called PE ratio. A stocks' price is what the specialist/MMs would like to sell it for, and the appreciation could be maintained as they have more greed to take the stocks higher to unload their investment accounts + the insiders.

Every year, or even every day, you hear about negative news that not only take stocks down, but news that discouraged investors to buy. In 1994 stocks were flat and if you had the guts to put some money up to the bad news/no news, your investments will do great by now. A short time from now, I would expect specialist to launch the stocks again...while most investors stay in the sidelines and wanted to see thru the smoke. They are likely to miss another bull market, and probably will not buy in until prices are higher and the news are better.

I have to agree that the appreciation is crazy compared to historical rises, but seemed like specialist are aiming for the bucks and taking it higher and higher, therefore, defied history. I see the two pullbacks in this year are very good indications that we have seen the worse and will see the bright side again next year, probably early next year. Mark my words for it.

How are your positions doing? I still holding JBIL (down 20) and SBUX (just down couple points). Invite others to this thread, ok?
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