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.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (54757)	8/31/2001 12:30:10 PM
From: Far Side	Respond to of 57584

<Once again, I say, it is the decline of the stock market that causes the decline in the economy. . . and NOT the other way around> It is comments like the above which keeps me coming back to visit Rande's thread. No one in the media or government has yet to admit to this fact. Rande sees it and posts it and that is why his kind of insight is so valuable and important to me. William Jepsen is another great contributor. I guess it is true that there is no substitute for experience. Experience gives you the ability to have the foresight to understand what is happening today and what could happen tomorrow. I get more meaningful information from this thread than any financial newspaper, magazine of internet site. I know we have lost alot of great people who used to contribute to this thread. But we will survive because we continue to share our insights with each other because we are all in the same boat. Each one of us has taken a beating in the last 12 months. Rande called the bottom of the Nas in October of 2000 and he was wrong. He admitted it and we shared strategies on how we should then trade in the new world of 2001. Rande just explained that the "new world" is really not that new and we can learn from past experiences (1929, 1981,1987,1991). I think the next three quarters are going to be very interesting. We are going to know by then where we will be in the next three to five year period. Far Side

To: Rande Is who wrote (54757)	8/31/2001 12:41:43 PM
From: Kanetsu	Read Replies (3) \| Respond to of 57584

Rande, If I read your post right, it is my patriotic duty not to short stocks. Bollocks. It is my duty to teach wet behind the ear analysts that a p/e of 100 is not normal. Or that borrowing billions to make millions is not a formula for success. Stocks are going down because they are overvalued, and they got that way after everyone figured they'd better be in stocks or else. Look at some of the good money managers like Buffet and Weitz, they are not suffering because they never got involved in this craziness. Also, I don't buy your theory that the tail wags the dog, that the economy is dependant on the stock market. I don't know the statistics, but I guarantee you that in the 20s only a small % of people held stocks. Do you mean to tell me that the only thing we have to do to save the economy is get everyone to buy stocks? You are describing a pyramid scheme I will concur that the falling market will exacerbate the problem, but it did not cause it. Economies are cyclical, always have been. Like I have said before, the stocks I'm shorting are overvalued by any historical measure, and anyone who buys stocks with forward p/e's over 70 deserves to lose their money. Having said that, I do own KDE, the p/e is only 12 and I expect major growth in profits with the coming yu-gi-oh and cubix craze. So there are good buys out there, they are just not in technology. Apparently, not everyone has lost their technology tunnel vision, but the market will see that eventually they do.