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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (5033)	3/24/2000 1:01:00 PM
From: Rarebird	Read Replies (2) \| Respond to of 5676

Mike, I gave up a long time ago trying to figure out when this market would collapse. Back in 1997, I accepted as a premise that the US stock market was trading in an inverted perverted world and that the naive Public, with the cooperation of Clinton and Greenspan, would do everything in their power to not let it crash. It's difficult to make money on the long side unless you invest in the indices. I lucked out with Puma over the past year. I don't know how to value companies any more. A company that loses money every quarter is a better buy than a company with strong earnings. CSCO is cheap selling at 100 times earnings. Sears is a great short selling at 7-8 times earnings. The higher the PE the better the buy. The end will come when we enter a recession. But if the stock market keeps on rising in the face of higher interest rates, I don't know when that will be either. My guess would be probably in 2001 when all these rate hikes come home to roost.