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 : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: HairBall who wrote (15504)6/1/1999 5:58:00 PM
From: pater tenebrarum  Read Replies (5) of 99985
 
LG, hi there, wondered already where you were. anyhow, i wanted to comment on the weakness in the internet sector. CNBC wheeled out yet another 'expert' who professed to know that AMZN is worth around $70/share. just as they had a bunch of 'experts' telling us on friday that the bottom in the group was in. the truth of the matter is that absolutely *nobody* knows what these stocks are worth, or if in fact they are worth anything at all. they epitomize a basic fact that runs through all stock market trading, namely emotion. these stocks trade on emotion alone, since there cannot possibly be a useful consensus on the fundamental facts (to say that the internet 'changes everything' is essentially meaningless). and this is what makes the group so important to the stock market overall, it's being the ultimate representative of emotion. imo there is no chance for the market as a whole to find a bottom before this group does. most analysts woefully underestimate the internet sector's importance; it's *the* emotional barometer of the market. the health of a mania surely depends on the health of the most manic sector. thus one of the most important questions before us is whether positive momentum can return to this group or not. if not, the market will be in big trouble indeed.

regards,

hb
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