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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?


To: KeepItSimple who wrote (2051)10/2/1999 5:53:00 PM
From: Mad2  Respond to of 3543
 
Very pragmatic. One question however. What would be the market value of the S&P if they were priced to perfection (optimistic) according to what they will earn in 5 years......we'd have a S&P NORTH OF 2,500!!! That reads like Wall Streetease for "THE STOCK IS OVERBOUGHT AND ITS TIME TO TRIM OR SELL DEPENDING ON HOW AGGRESSIVE YOU WANT TO BE"
Mad2



To: KeepItSimple who wrote (2051)10/10/1999 12:45:00 PM
From: Stcgg  Respond to of 3543
 
Comparison Charts..

Here is a chart of the Nasdaq100, it hit an all-time hi..
decisionpoint.com

Here is a chart of the 1987 HiTech Index, it hit an all-time hi..
arts.unimelb.edu.au

Ominous or wishful thinking? In any event, a fact worth observing..

>><<



To: KeepItSimple who wrote (2051)10/21/1999 11:34:00 AM
From: Enam Luf  Read Replies (2) | Respond to of 3543
 
<<He said most people should avoid investing in Internet stocks; that those who do invest should only put 5% to 10% of their portfolio in those stocks; and that even that money should be spread among 10 to 20 best-positioned companies. "Investors are far too aggressive," Blodget said>>

...And so he washes his bloodstained hands and relinquishes himself from any responsibility for creating said overvaluation and aggressiveness.

Henry Blodget is IMO, nothing more than a glorified momentum trader. There is a saying in some i-banks, "the analyst is a banker's bitch," and while I think (know) that many times analysts are pressured into recommendations by bankers who don't want to see their IPO gravy train come to a halt, those who go along with such blatant misrepresentation are not blameless, neither are investors who have brought it on themselves.

-enam