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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Mr_Mojo_Risin who wrote (79436)	2/27/2000 10:56:00 PM
From: Kevin McKenzie	Respond to of 108040

I really didn't think I'd get this many replies to my post. I did mean to say Nasdaq. My point was that the DOW is a bellwhether because it has been around for so long, unlike the Nasdaq. In my post, I said "we can't* compare the Nasdaq of today with the Nasdaq of the '29 crash.* Because the Nasdaq didn't exist. Anyway, I think this discussion is way off-base for this thread. This is a day-trading/swing trading thread. We don't hold our positions long enough to say the word "macro-economics", let alone, to evaluate whether we are in a "market bubble" or a "new economy". I'm not trying to be cavalier; I have a great fear of this market. That's why I almost exclusively day trade it. I personally think all the markets are way overpriced. I agree that a company must have positive cash flow to be viable long term. I also think that most of the high tech and bio-tech firms that are around today will not be around in 30 years (just like the railroads and auto-makers of the 20's and the PC makers of the 60's/70's) The ones left will be measured by PE, cash flow, earnings growth, etc.