Chuzz....I'm back, the King of Worriers.
I would like to ask your opinion of something that we, as DELL and other quality stockholders, may or may not be ignoring these days, and that is the possible deflationary cycle of corporate/economic America...There is nothing I want to believe in more than for the Bull Market to get over it's hiccups and continue onward and upward......However, I am becoming increasingly concerned over the world-wide economic picture and how it might affect the U.S. equities markets....I am particularly concerned about how a declining corporate earnings picture, compounded by a Y2K-fear and/or reality induced market sell-off sometime next year, might affect the stock price of top quality stocks like DELL, as well as other excellent companies like CSCO,MSFT, and AOL.
What do you think?....Will earnings be the ONLY measure by which companies that continue to grow profits be assigned a market value....OR, even if company earnings continue to grow in a very negative overall economic climate, do you envision a picture of a DELL, a MSFT, an AOL, a CSCO, etc. etc. losing a sizeable bite out of their stock price?..If the answer is yes, there would be price loss, how much would you guess?
I guesss the bottom line I'm working on is this:.....Any idea how a significant, prolonged Bear Market could affect DELL (and other quality companies)?
Thank you in advance.
Regards, George |
