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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (1075)	4/21/2001 10:22:37 PM
From: MrGreenJeans	Respond to of 10065

Marc I don't think you are claiming the bizarre manic gains in the NASDAQ in early 2000 into March 10 on top of the 80% gain in 1999 was an appropriate response to fundamentals do you? I would say wherever the market goes the market goes and I try to be positioned appropriately. I would in some cases say yes to your question. Msft, the best balance sheet in the world, deserved / deserves to trade at about 120 not 43. Do you think Sun Micro deserves to have been traded at 13? I would ask you a similar question about the severity of the bear market. Do you think this downturn really reflects the gloom that most investors are assuming? This downturn was an overreaction. To say any of these events including Microsoft's broke the NASDAQ... I did not quite state that or let me rephrase that I did not mean to state it in that manner. Some events are defined by major moments. For example, I would state that the 1960's did not start until America deepened its involvement in Vietnam, or the 1960's were not over until Nixon resigned in 1973, or that the bull market really started in 1982 and continued until 2000. These are all arbitrary measures one makes for him or herself. Imo, the Msft decision was just that. I was thinking about this bored at work on Friday and came to the conclusion that when the appeals court presumably reverses the Msft decision or when Msft and the Bush administration settle it will approximate the time the Federal Reserve cuts will really be kicking in and I will then be able to say that the court decision or the settlement was the catalyst for a major equity rebound. The Fed's recent surprise cut along with its comments, ensure us a cyclical bull Methinks this cyclical bull will turn into a major, major bull move. Next rate cut May 15th.