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

To: mishedlo who wrote (7224)	8/16/2001 12:45:34 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Mishedlo, I agree there is some hope left in the techwreck, but there is little irrational exuberance. I don't know about ebay, but they seem to be a successful business. They have actual earnings. They have a big growth rate in earnings and I suppose revenue and there is a very big market which they are just warming up on. I do know about QUALCOMM, which has got simply amazing prospects. Intel's P:E is only 23, which to me is a commodity price for a commodity product with good globalisation prospects for continued steady growth. I don't know about the others you mentioned. Yes, I was kidding about the "Don't Fight the Fed" slogan. My favourite slogan remains, "Don't let a Slogan do your Thinking for You". I have bet against the fed. Actually, I bet on what they will do, by getting out ahead of them, which is about the same thing as betting against them. I was borrowing while Alan was raising interest rates. I will dump my borrowings now that he's lowering rates. People who are borrowing on their houses and spending are sacrificing themselves to the good of 'the economy', tempted by 'easy money' printed by my idol. Mqurice