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

To: TobagoJack who wrote (6474)	8/1/2001 11:13:05 AM
From: GraceZ	Read Replies (3) \| Respond to of 74559

<< Grace’s recommendation, if made explicit, is to shop and buy the small/mid caps still valued at say at 20 P/E. This is an idea, but may not be a good one.>> If I mis-stated your implicit recommendation, I am sorry. I would never suggest people put their money in the last best place to put it. I was simply pointing out that while the dot comers are crying in their capocino, while Roth, Chambers and McNealy were making public mea culpas some small company in Des Moines just had their best year ever. In fact a lot of companies just had a really good year and that is surprising to me and it should be to most that read this thread. But the trick always is not to follow the money but to anticipate where it will go next. Prices mask money movement. Prices sometimes are up while money is flowing out and the inverse is true.....while the public sells the tech lovelies down to dust the money flow that all last year was strong into listed stocks is now strong into the Nasdaq exchange. Who knows if they are right? I thought all the money going into the NYSE was wasted when I saw it last year. After all, we were headed for worldwide destruction, how could all those companies do well if the leaders were dogging it so badly? To believe that bond holders can be cheated without consequence is perhaps not what you are suggesting The risk is spread out, stripped out. I'm not saying there won't be consequence but this is not Japan. We write off bad debt faster here. There is no way there will be bad debt on the books ten years later here in the US. But most importantly the majority of it isn't secured on real estate.