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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?


To: George the Greek who wrote (2255)5/23/2000 7:05:00 PM
From: BWAC  Respond to of 5499
 
My opinion: Clown

He thinks the market is the 120 PE stocks. Never ever looked at any of the under hyped more normal companies.

He's been yelling fire for years. His basic premise is that DELL will never ever make another dime and the fallout at all other companies will be severe and result in NAZ 1000. Or at least that was his theory last I tuned him out years ago?

Anyway this sucks. Fear mongering is out in full force. Greenspan is killing the middle class young adult family and the late to get started middle age retirement funds. Unknowing investors are getting absolutely run over or set up to be run over. It is a sad environment, and a sad confluence of circumstances that has evolved in the last month. And an absolute manipulation of all these circumstances to take the small investor out of the game and run them back to the mutual funds.

Ralph Bloch - Raymond James analyst "It is time to teach the baby boomers a lesson" as per CNBC interview.

The smartest thing many investors can do is yank all their money out of the mutual funds. How much investing smarts does it take to throw 5% at MSFT, 5% at CSCO, 5% at AOL, 5% at DELL, 5% at INTC, etc. Thats all the mutual funds are doing. It is not some high level magical deep research they have done.

Meanwhile your mutual fund manager sits around plotting when it will be time to invest the cash hoard into the nifty fifty again. Better hurry or they will be facing huge redemptions.

Final comments. A whole lot of shares shorted in this market. The holders of these nonexistant shorted shares are bailing and adding to the downside. A whole lot of cash on the sideline. Greenspan will be catching serious heat, serious heat like never before, next time he sits in front of the Senate. No inflation. Can't have inflation for the consumer when the competition to serve the consumer is so fierce. (Gas doesn't count. No competition)



To: George the Greek who wrote (2255)5/23/2000 7:22:00 PM
From: BWAC  Read Replies (2) | Respond to of 5499
 
Things like the news I just heard may throw a wrench in Fleck's theories about market overvaluation:

dailynews.yahoo.com

UAL to buy UsAir. At what looks like a 100% premium if the deal gets done.

Now if they could only pay cash.