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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 147.44-0.6%Nov 17 3:59 PM EST

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To: Jacob Snyder who wrote (6018)6/25/1998 9:00:00 AM
From: Ramsey Su  Read Replies (1) of 10921
 
Jacob,

talking about bear food.....

after a good day for my long portfolio, I was happily counting my chips when I saw shadows of the bears all around me.

DOW has arisen 12.8% this year to date, the S&P 500 16.7% and the Nasdaq 19.6%.

Are we heading or already in irrational exuberance levels? What if Asian markets start to stabilize, how much money are going to leave the US market? Even the boomers will be investing overseas via the hottest Asian funds.

Just like Japan in the 80s, it was hell of a lot of fun for the Japanese to have more money than they know what to do with. They are paying for past exuberance now. Will the time come for the US markets?

I have not heard anything positive about this sector for some time now. Where is Cary Salsberg? I need to ask him is blood running in the streets or are major hemorrhage yet to come?

Ramsey
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