Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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Dec 19 9:30 AM EST

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To: Kirk © who wrote (4240)	8/23/2016 2:41:38 AM
From: Robohogs	Read Replies (1) of 26808

What I really find weird though are the insults being hurtled around in twitter finance. The uber bears call anyone who is slightly bullish an idiot and mock them, saying they will get theirs. Those who are uber bulls mock Buffet, Soros, etc. Both sets refuse to see the world as it is vs. how they think it should be. One guy who I have only read indecipherable TA from (seems very smart and successful BUT he has a super secret indicator calling crash before the new highs) just posted fundy research calling XBI 30-40% overvalued. So from TA to an expert in the hardest sector to value. I have money with a bio guy who can't value them. He can spot relative value and absurdities (both ways). And he can tell you 2000 was a bio bubble (8x in 15 months) but he cannot tell you fair value. By the way, this latest bear "bubble" was ONLY 7x or so from the 2009 low (5x from the 2008 peak). Yes, 7x sounds like a bubble but there were fundies too. 8x in 1/6 the time is a bubble, esp. with fewer fundy drivers, just Greenie! Bios may very well be over-valued by the way BUT i am just pointing out absurdities! Guys often times throw stuff out without knowing of what they speak. Considering most don't reference the 1999/2000 bubble overall, that must make the average Wall Streeter younger than 35.

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