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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (11730)	6/24/1999 10:20:00 AM
From: Stephen L	Respond to of 29970

AHHAHA, I just got back from an investors conference (there were too many PM's looking to spend to indicate opportunities in the credit sensitive debt market). But I was glad to see that people are waking up to the realities of a Fed Funds hike and what it means to earnings if Greenspan gets his wish to slow the economy. I think @home has a great potential and I am not selling, but when the broad equity market wakes up P/Es may just settle a bit. Actually what worries me (only for the 70% of my portfolio that is still long) is Greenspan's proclivity to trash-talk the equity markets every time he speaks. "The market is overvalued...speculative bubble.." hit the press and the indices trade off for a few days. I suspect he may actually have a salubrious effect on the market. If he gets his "desired" 5% to 10% correction now, the market and more importantly the "financial system" may be in a better position to weather year end vol related to Y2K, Y2k speculation, speculation on y2k speculation ... What's your read on y2k. @home is most likely safer than @abroad, but is it time for cash, canned goods and ammunition or not. I was initially very skeptical that anything would happen, but now I am starting to get sucked into the infinite regress of anxiety that suggests a little cash may be good as vol increase.