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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (38201)3/11/1999 8:44:00 AM
From: Tom M  Read Replies (1) of 94695
 
Yup, gotta run the hype full blast lest Goldman have to cancel a SECOND time. Not that it'll matter to the market, but I can't think of a worse environment to IPO another brokerage. The obvious nature of their unfounded hype has never made them look so unscrupulous, IMO. They never even mention risk anymore with the market growth completely based on historic expanded PEs while MF cash supply around historic lows. Even the bulls have to wonder by now how long the last of the public can keep buying what the street's shoveling at them.

Now if Goldman was to mention a 10 stock market is not healthy, and perhaps there's more value and less risk in the thousands of stocks below 2X book or certainly below book... Naaaah !

regards,
Tom
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