Now that Intel is down about 30% from the peak, I was wondering where you are. I know you, Paul and Ibexx would like to tell us Intel got there on fundamentals. But the fact remains, it was set by the help of a bunch of lies and free money air dropped by Easy Al,
Could you care to elaborate what is pathetic in that? As with Ibexx, you are entitled to have your own opinion.
<<Dipy, I don't honestly know. If the market is full of kind of leverage LTCM has employed, sub 1000 on the DOW is a good possibility. Otherwise we may bottom around 6700 in the short-term and 4000 in the long term. IMO, I think we are at a stage everything that can go wrong will go wrong - for both bulls and bears! I doubt if we will see 10,000 in the next 20 years! By then, the DOW should have to replace at least 15 companies with growth prospects. There is no way the current 30 will take us to 10k under the current over-capacity situation and the liquidity crunch that is unfolding.>>
Sure DOW did not dip to 6700 or 4000. It is still about 700 points away from 10,000 a level you repeatedly tried to rub on me.
Jim, I am telling you for one last time - I have no ax to grind with you. But it is obvious to me that you have some vendetta against me perhaps because I happen to respect MB whom you hate. Or because I happen to be critical of Intel (management that is) a stock you apparently love. Regardless of your reasons, I have no interest or patience to respond to your venom. If you have something constructive to say, say it. Otherwise, buzz-off. To paraphrase your mentor, I have no interest in getting dirty in wrestling with pigs. |
