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.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (23810)	12/20/1999 12:18:00 AM
From: Ian@SI	Read Replies (1) \| Respond to of 25960

Zeev, Thanks for the detailed response. I disagree, but I now understand what your reasoning is much better. 1. Presidential cycle. Might happen. 2. S&P overvalued: Take out CSCO, MSFT and the next 8 stocks at the top of the list. You'll then find that the S&P "490" remaining is quite conservatively valued given the current inflation and its outlook. 3. Liquidity: Peace dividend will still be paid. Budget surplus is becoming real rather than virtual. With the deadlock in congress the money is being returned to the market. (i.e. Fewer treasuries issued to replace expirations.) The money has to go somewhere. If into bonds, it will force interest rates down. If into stocks, it will prolong the current bull. More likely, the money will flow into both. Goldilocks economy thrives. I just don't see it coming to an end, even temporarily (i.e. more than 6 months) any time soon. I do expect corrections that will provoke the normal response. Except people will buy in at 9% off next time for fear that 10% off won't materialize while they're ready and able to trade. JMHO, Ian.