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 : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: abstract who wrote (25211)	12/14/2000 11:31:05 PM
From: Dealer	Respond to of 65232

STOLEN STUFF: From: PMG Thursday, Dec 14, 2000 10:06 PM ET Reply # of 35912 There's just too much money on the sidelines that won't sit still for long... But... why is this money standing at the sidelines and waiting to jump in? What is it waiting for when the rate cut is only a matter of time (isn't that a reasonable assumption?) By AG's last speech the fed HAS already changed to neutral... I read some data that did actually prove that the amount of money at the sidelines has really increased. But the institutionals are holding back with investments and I think they can figure very well what AG HAS to do - lower rates. So there must be something out there that really stinks and is not yet priced in. The p/es have been rising again because there were so many downgrades. And we are still near these 3000. I'm convinced we will go lower before we go higher. Too much volatility for a bottom, isn't it? I'd even say the old eco stocks may be overvalued in contrast to the techs. The slowing growth has effects is every sector and it's that 20% decline in the DOW (the Dow has kept the levels of 5% growth economy!) that I am missing. And the techs will suffer from that if it happens, be it justified or not. I'd be a buyer right now of innocently smashed, young, small cap techs but I lack the insight to choose the right ones... so I keep counting on that down trend which is still intact. I'm very concerned about the economy and I think everybody will be harmed to some degree... I don't like sad people in the street. I hope I'm wrong but I must trade my discernment... Regards PMG