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.

Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (60840)	8/26/2001 5:24:13 PM
From: t2	Read Replies (1) \| Respond to of 74651

The market can still correct somewhat; maybe a retest of the April lows. I am waiting for my buying opportunities; next 2 months look too uncertain to take up any aggressive trading positions, imho. Of course, if we see a decline right up to end of September, October could be a buy-----I am taking a wait and see approach--might change my mind if I see any hope. It is just a matter of trying to guess at how much wealth destruction occured in the past 15months or so and the intermediate term (1 to 5 months) consequences of that for the stock market; that is the one big factor that makes me a bit cautious (and not really the S&P P/E). I cannot see the same degree of money inflows as we have seen in the past few years and without that, maybe one does not have fear that they are missing the train. That could be a key difference in the market today compared to the bounce we got in early April. Maybe that is why the money market fund holders are not anxious to start moving cash into stocks. I believe we get an Oracle earnings report next month---should be pretty bad and maybe that will mark the time to buy into techs--maybe not. Market is a lot tougher to figure out these days compared to a couple of years ago.

To: Dave who wrote (60840)	8/26/2001 5:53:28 PM
From: TideGlider	Respond to of 74651

That is interesting. I also noted from your chart site that a serious divergence between gold and the dollar began about the same time 96-97. I suspect the large number of retail investors, lured in part by the internet access, as well as Ralph Cramden "Get Rich Quick" folks, has had a substantial affect on asset allocation. When the real estate boom popped, the stock market became the new fad. I have noticed BaseBall/ sports cards are booming again and that is a bad sign. I have always noticed alleged "collectables" , cars, figurines, cards, friggin plates etc. become active when the market turns down. Real Estate may have topped now as there will be less fast money from the market and high paying employment to feed the frenzy. It should all be interesting. decisionpoint.com