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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: Hiram Walker who wrote (9713)4/10/1998 11:32:00 AM
From: larry  Read Replies (2) of 27307
 
I think that we are witnessing the shift of valuation to high levels and will sustain that level for very very long time. I can even expect to see PE multiples for DOW and S&P 500 reaching 40s in 10 years. I also don't believe that the babyboomers matter anymore. I mean, the generation X is also saving their income like there is no tomorrow. All my friends in my generation are investing more (in percentage level) in the market than the boomers. And the trend will only go on. Also it seems that most of us don't care about a crash anymore. We know that in the long run (say 30 years), to invest in the stock market eventually is going to significantly outperforming anything else.

As far as Yahoo! goes, I am just riding the momentum. The valuation is too high for everyone. But when an issue demands such high valuation, it can still go on and ask more!

Also, as long as KO can ask for PE multiples at 50, this is a pretty damn good bull market.

good luck,
larry!

And I am glad that I did not sell short a single issue this year. I am very pleased with my performance so far and a 90% crash is not going to erase all of my gains. So I will keep investing in the market until, maybe the day after I graduate from business school and get scared of the market valuation after learnings all X & O about the market.
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