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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: UnBelievable who wrote (52980)6/4/2000 1:46:00 PM
From: Bridge Player  Read Replies (1) | Respond to of 99985
 
<< that by any useful economic measure stock prices are dangerously high >>

This may well be true of momentum stocks, high tech growth stocks, and some indexes, especially the NASDAQ.

However, I can make a case that there are large numbers of value stocks, small caps, and "old economy" stocks that are fairly priced, and in many cases, quite cheap.

BP



To: UnBelievable who wrote (52980)6/7/2000 1:51:00 AM
From: johnsto1  Read Replies (2) | Respond to of 99985
 
This is a great thread;I always pick things up here. But your missing a key issue that can be expressed with the VRIO deal purchased for 5 billion cash. International companies need certain technologies to thrive and prosper; the technology companies that so many investors despise because they want to evaluate them like a soap company. The thread offers great insight,interesting perspective and a big picture out look ,but at least in your analysis,are missing relevant weight for your market formula.