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.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (54103)	7/30/1999 11:39:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 86076

Bobby, i fully agree. i found Garzarelli's rationalizations amusing: she admitted that the market's valuation vs. interest rates is similar to '87 ,i.e. 15% overvalued(it's actually worse), but argued that the valuation vs. inflation is too low, i.e. 15% undervalued. i guess she means to say if we get deflation that would be even better for the market...<G> anyway, she's making assumptions about future inflation rates that may or may not turn out to be correct. it is btw. the first time that i heard of this particular valuation gauge. MSFT's valuation is already much higher than it's 'official' market cap due to it's stock options dilution. hb

To: bobby beara who wrote (54103)	7/31/1999 11:22:00 AM
From: Joan Osland Graffius	Respond to of 86076

bobby, Yesterday on CNBC they were interviewing a five star growth fund manager that has taken his fund to less than 10% technology from 30% technology. He did an excellent job of explaining the Microsofts of the world now have 0 earnings growth if you evaluate the companies value using the stock option programs as a cost. There are some smart money managers out there, they just don't get sufficient media attention. It is hard to give these guys a lot of media time when the advertising revenue depends on these companies with 0 growth. <ggg> Joan