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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (47499)	2/16/2001 1:16:54 PM
From: Kanetsu	Respond to of 57584

OPWV looks strong, should run hard if naz turns, if for no other reason than I am short it. Higher than expected inflation, and slower growth, I sure don't see that as good news. Every day I'm reading about layoffs, energy prices in some areas are about to double, etc.. The only thing we have going for us is rate cuts. They cut rates to just about zero in Japan, that didn't help, granted US is not Japan. There may be a few companies doing well, but the P/E on most stocks mentioned here are historically overvalued, and not just a little. This is not some great bear conspiracy, just p/e's reverting to the norm. The only reason we think they are bargains is because they used sell for a lot more, so did tulips. Maybe I'm jaded, having arrived in Japan with the Nikkei at 39,000 and hostess bars still expensable. All the way down to 25,000 the traders were talking about the bottom and all the "great buys" out there. It's still going down 10 years later. Sorry for the gloom and doom, there are bargains out there, I just don't see most Nazdaq stocks as cheap. The trend is down and I'm trading accordingly. Still holding some Naz stocks for foolish sentimental reasons, much to my financial detriment.