Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (8038)	6/27/1999 8:35:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Anyone with a Barrons or WSJ subscription should read this crap from the "experts". I would be surprised if any of them have made more than 10% for their clients this year. They dump on Internet stocks, proclaim the virtues of boring "value" plays in commodity-like sectors and collect their fat salaries and bonuses regardless. What a total crock. interactive.wsj.com Here is an example. Do you want this idiot planning your retirement? Hope you like dog food. Q: Meanwhile, how does the second half of 1999 look? A: One man's price increase is another man's cost increase. Oil-company earnings will make for better reading. The transportation guys -- airlines, railroads and truckers -- will pass through their higher oil costs. The rest of U.S. industry, as you know, is a little bit under the gun. Mild cost increases may not be passed through. On balance, I think the U.S. economy is okay. I think the price of oil, as measured by West Texas Intermediate grade, will stay around $17-$18 a barrel. It could lollygag about for a couple of years. Q: Which stocks look good now? A: I don't have much that's new (NO KIDDING!). I know you guys like new stuff, but I'm more convinced than ever that the stock market in general is very pricey. In this climate, home builders and their ilk look extremely cheap at five to seven times earnings. Single-digit multiples are awfully scarce. My God, that's a 70%-80% discount to the market. You think, yes, but they're cyclical. Well, hell, so are many other things.