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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (50484)	3/22/2001 10:49:22 PM
From: Rarebird	Read Replies (1) \| Respond to of 94695

Buschman: If you'd like to resort to hysterics and mindless bullish polyanna insults, you are on the wrong thread. That is what goes on "Raging Bull" and "Yahoo". This is SI. Secondly, I mentioned previously that the average profit growth of the companies in the NDX is 15%. Thus, I think a PE of 15 would be reasonable. Moreover, there is absolutely no visibility as to when earnings and revenue growth will cease declining rapidly. HighTech is by in large a slave to the economic cycle and that cycle is pointing further down. Thus, the 2/3 decline in the NAZ thus far should come as no surprise to you. The superficial cash flow argument, along with Greenspan's ability to produce a soft landing, has been destroyed. I take economic fundamentals quite seriously. And FYI, the gold mining stocks have been stellar performers this quarter. The economic environment is quite bullish for gold moving forward.