<< Victor, it doesn't matter if there is a mild inflation, no inflation, a very strong economy, a positive speech by Greenspan or i don't know what. The stocks (esp. the techs and the big nets) are OVERVALUED. >>
Sorry Guy, but it does matter. The top three factors in the performance of the stock market are: inflation, interest rates, and corporate earnings. Period. Right now, the rate on the long bond is up in the nervous zone, and with oil popping up so much, the market is jittery about inflation. This is why the market has been whiplashing lately. It sort of wants to keep going up but it can't.
<<The stocks (esp. the techs and the big nets) are OVERVALUED.
And Legg Mason (whoever they are) can kiss my ass with their Buy recomm. to eBay. Assholes! >>
So you must be short EBAY if you are so convinced of that, right ?! Guy for the last eight years, folks have been saying stocks are overvauled. I could make a case that ebld is overvalued. Wanna hear it?
Victor |
