SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: donald sew who wrote (51284)9/1/1998 12:06:00 AM
From: Dwight E. Karlsen  Read Replies (1) of 58727
 
don, our old nemesis, the MSH, is 28% off its high. I guess it's safe to say that techs have "cracked". *weak laughter*. Also, I guess techs are well within the range defining "tech bear"....

I've concluded that I can come to the correct conclusions on some things, but that I always lack enough patience to see my deepest convictions through.

It's been that way so many times. So now here is my "next thing": I predict that the lowly RUT will arise from the ashes of disrespect and begin to come back into favor. Reason: Small companies are least exposed overall to the economic wreckage around the globe. Certainly some of them do have export business, but these smaller companies will either quickly go out of business or else change their product. But the clincher is this: the big multinationals are now hobbled by foreign infrastructure which will be a millstone around their necks.

And there have already been quite a few gems in the RUT: companies growing their earnings at steady 15-20% and more, with PEs that languish in the 11 range (as mentioned in this week's Barrons).

We'll see how it plays out. But I don't for a minute believe that the USA is headed for the kind of economic and currency wreckage we see in developing free-market nations like Russia, and newly developing third world countries like Malaysia, Indonesia, etc.

The bottom line is that the US banks are very conservative compared to the rampant reckless lending we saw for example in Indonesia.

And the US govt knows how to collect income taxes: Don't we all know that who are subject to US tax! Russia on the other hand has very poor tax collection system.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News