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 : Technical analysis for shorts & longs
SPY 690.36-0.5%Jan 14 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Clint E. who wrote (17879)10/5/1998 12:04:00 PM
From: space cadet  Read Replies (1) of 69774
 
Clint, I wanted to get in putting bcms put missed it somehow. It could fall quite a bit. Yup the titans are definitely crashing, which usually means the end of the correction is near, but perhaps this time it will be different since there are so many simultaneous problems this time. And definitely WS changes fads every year or two. Enterprise was one in a long list of fads and it lead to extreme overvaluations of those companies. Even today after psft and the rest have fallen, they are still overvalued in my opinion. They have p/e's higher than their growth rates, for instance. So they could fall another 20-50% in my opinion. Yes yhoo has an amazing valuation but that is because the web is now the hot topic on WS and yhoo has the mindshare. As to all those brilliant programmers- well they may be brilliant and perhaps you are one of them but I think they are overpaid and not nearly as useful as management these days seems to believe. Programmers are useful of course, but I think they have salaries that are too high for their real use. Not as overinflated as lawyers or doctors but overinflated nevertheless. If we have a recession then programmers salaries will return to earth, take my word.
In terms of traditional valuation measures like p/e to growth rates, the market is still amazingly expensive. I'm not saying it will return to "normal" valuations anytime soon, just that there is a risk that it might that's worth worrying about.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News