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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: besttrader who wrote (10475)	2/28/2001 9:39:59 PM
From: Bid Buster	Respond to of 37746

come on...its the funniest thing on tv these days..relax, short every tech you can and worry how you'll spend your worthless dollars later

To: besttrader who wrote (10475)	2/28/2001 10:48:29 PM
From: velociraptor_	Respond to of 37746

Sure Knight...my comment....they are the puppets of Wall street and an arm of public greed which now has it's arm caught in the Bear Trap. They whine about the fall because they bought at the top just like everyone else. I have no pity for their ignorance and stupidity. The question now is how do they get out. In a Bear Trap, you either die with the trap or chew your arm off and live with whats left. A "grizzly" illusion? Indeed, but accurate. The problem with CNBC is that they are the eternal optimists who continue to becken and hope for the best. They would better serve the public if they were more reality based in their opinions and look at both sides of the story to make better decisions. Someone said today, that later in the afternoon they were pointing out that the last four times the Nasdaq hit new 2 year lows, that the index was up 1% 3 weeks later and up 30% a year later. True, but what they failed to also see because they are so blind to the negative is that at least the last 3 times those new lows were corrective moves, whereas, we are now in a Bear Market...not a correction. By the way...speaking of P/E's....here is a little tidbit I just picked up. A little while ago it was said that the Nasdaq 100 had a collective P/E of 811. Now with rapidly declining earnings the collective P/E is now 1449....and this considering the Nasdaq has fallen 20% in the last few weeks.