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 : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: marvin smith who wrote (50844)	4/20/2001 1:10:12 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Fear versus greed: Which do you think dominates now? Up until this month fear clearly dominated. Driving people to sell and short at the bottom. Now greed (er, hope and optimism) is starting to drive the markets. Nothing irrational just hopeful. Treasury Sec O'Neil said today that our worst enemy is "talking ourselves down". In other words the only thing to fear is fear itself. So let's quit the bashing and stay long and strong. Much better for getting your sleep nights. Short markets keep people edgy and depressed and pessimistic. That was clearly way overdone, by about 50%. And here's another quote thanks to Stockman. "Greenspan understands as well as anyone that the tech sector, which has driven such a big chunk of overall growth the past few years, is hardly free of what ails it. ``We think tech companies will show negative earnings comparisons [to 2000] through yearend,'' says Milton Ezrati, senior economist and strategist for fund manager Lord, Abbett & Co. in Jersey City, N.J. He sees the current climate in the tech sector as a buying opportunity. ``Not because earnings will be robust, but because the market has already priced in the disappointments,'' Priced-in, priced-in, priced-in. Which is why I'm going to a bid in for ERICY right now. And why I bought SCNT and NOVL this morning. Both have cash equal to or almost equal to market caps. You get the companies for free. UIS and LOR down slightly today and both great value buys at this price. Big Telcos remains bargains but they are being treated as defensive stocks and people are waiting. I'm not worried. They'll have their run soon.