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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (80687)	7/21/2001 10:16:43 PM
From: mishedlo	Read Replies (2) \| Respond to of 99985

When you capitulate, that will mark the bottom. PE's vs growth on these stocks is still totally obscene. Name a few big volatile tech stock that you think are undervalued or even fairly valued based on historical norms. Are we going to build the internet over again? That is what it takes for these PEs to be close. PCs are a commodity and these companies should have PE that reflect that. Fiber is 97% unused. Telcos are going broke. Debt is piling up, but J6P will keep spending until he sees the writing on the wall which of course will be way too late. Actually, with J6P's debt it is far too late already. Why do you think they rushed thru that bankruptcy legialation? The DOW has yet to even come close to capitualte. Look at the PEs of Kohls BBBY BBY etc etc etc. Totally obscene. We have not come close to capitulation on the DOW. Greenbucks intervention is just making matters worse. Then of course is the recession that is 98% guaranteed to hit next year if not sooner when J6P is finally tapped out. The real sh*t hits the fan when housing sinks and the dollar collapses. Heck, I am an optimist. Ask Earlie on the clown thread his view of things. M