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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (2771)4/3/2001 2:24:36 PM
From: tradermike_1999  Read Replies (2) | Respond to of 74559
 

Mary Farrel Senior Investment Strategist,
UBS Paine Weber on CNBC today: By ANY measure this market is undervalued


That is why I don't watch CNBC.

The owner of the Dallas Mavericks made his fortune when
he sold shares in his own company - Yahoo - in 1999. He
says of people buying in hopes that this is the bottom:
“They’re idiots, I’d rather collect my 3% to 5% in whatever
investments and wait for it to turn around.” The CEO of
Applied Micro has sold more than 99% of his holdings since
1999 for a gain of $170 million. The CEOs know this is a
bubble and are still selling to get out. You have to be stupid to invest now.

A year ago you could have bought 100 shares of Yahoo for
$25,000. Now for $25,000 you can buy 100 shares of
Cisco, 100 shares of Lucent, 100 shares of JDSU, 100
shares of Ariba, 100 shares of Nokia, 100 shares of Sun,
and 100 shares of Yahoo and we won’t have a real bottom
until JDSU, Aribia, and Yahoo are all under $2.50.



To: Cogito Ergo Sum who wrote (2771)4/3/2001 3:12:04 PM
From: Tommaso  Read Replies (2) | Respond to of 74559
 
Every time the markets are down another 10%, Farrel gets another face-lift. It keeps her permanent cheerful smile in place. Louis Rukeyser uses two rubber bands around his ears, with paperclips hooked into the corners of his mouth. Abby Cohen sleeps with a stocking over her head to keep the complacently immobile look on her face. Joe Battipaglia stuffs hotdogs in his cheeks to give himself that air of beefy bullishness. He bellows into the bathroom mirror every mornign while he shaves, but recently he tried it and only a squeak came out.



To: Cogito Ergo Sum who wrote (2771)4/3/2001 4:24:10 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
LOL, what an idiot... by any measure [esp IQ] she is over-employed.

DAK



To: Cogito Ergo Sum who wrote (2771)4/3/2001 7:07:37 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 74559
 
<<Mary Farrel Senior Investment Strategist, UBS Paine Weber on CNBC today: By ANY measure this market is undervalued.>>

BS. By historical trailing PE's (or future PE's, for that matter), this market should come down to SPX of 800, at a minimum. Along the same lines I'm hoping that Harpo (AJC's) last "100% equity" allocation proves to be her Waterloo and discredit her once and for all (and there's an EXCELLENT chance of that, IMO).

Isn't Mary Farrell one of the clowns...ERRR, ELVES on Chuckleheyser's show? Have ANY of them been bearish at ANY point in the current downturn? Perfect record...as contrary indicators methinks.....

Regards

Patron