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 : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (3013)	1/11/2000 7:57:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 3339

This may sound crazy, too, but I would have to see the Naz give up 30%+ and stay down to believe the bull was finished. Valuations are high but the money is still coming into the market, inflation is low and productivity high and nothing on the horizon is grim enough to forecast a recession. I wouldn't be heavily on margin long right now but I wouldn't build a huge short position either. I expect more choppy, volatile trading for the next few months.

To: Roger A. Babb who wrote (3013)	1/11/2000 8:44:00 AM
From: dclapp	Respond to of 3339

Roger, I completely agree, >> ...Valuations are insane, stocks go up for insane reasons, and everyone sems to be fully invested and on margin thinking that the market can only go up. well said. Smells like a set-up to me :) that said, I'm long selected stocks in the QQQ, while holding a big QQQ short position. It's a hedge; it's fun. Speaking of QQQ, take a look at the companies they've recently added, and those that they tossed. Amazing. They added slew of "new age" companies with no earnings and -- as you say -- insane valuations, while dumping good companies like FAST who actually make money, grow revenues, all that bad, boring stuff. Oh, man...you couldn't craft a crash better than these index monkeys have. JMNSHO, of course... regards, doug

To: Roger A. Babb who wrote (3013)	2/18/2000 6:35:00 PM
From: Roger A. Babb	Read Replies (3) \| Respond to of 3339

On Jan 11th I posted: "Dale & All, I believe that we are very near a historic market top. In fact this week may define the top. Valuations are insane, stocks go up for insane reasons, and everyone sems to be fully invested and on margin thinking that the market can only go up. I am not predicting an instant crash, but in my opinion the top is now being made." In fact the Dow hit a top of 11750 during that week and has been falling since. Dow is now down 1530 or about 13% from that top. The NASDAQ bull has held on longer. But today may have been the NASDAQ top.