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 : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: If only I'd held who wrote (5625)	9/16/2001 9:53:31 AM
From: eims2000	Respond to of 6873

And then what?

To: If only I'd held who wrote (5625)	9/16/2001 10:37:45 AM
From: Michail Shadkin	Read Replies (4) \| Respond to of 6873

Intervention never ever works !!! The results of intervention are always more severe, had it not occurred. This is just plain fact. Bottom line: Markets are heading much lower, whether this happens monday, next week or next month is irrelevant. Economy was in a tailspin to start with and this tragedy will only add more fuel to the fire. Interest rate cuts are having almost zero effect so far and any new cuts this week (I expect 50bps cut this week) will only stop the bleeding for a few days. Consumer confidence and GDP going forward will be very ugly. Current SP500 PE is 25.9 50 year historical average is around 14 All estimates will be coming down and this market is still grossly overvalued. In the long run, only thing that matters is valuation. Next 6 months targets: DOW below 7500 NAZ below 1300 In my opinion, what happens monday is absolutely irrelevant in the big picture. Dont get in front of the bus. Never ever invest on emotions, this is highly hazardous to your wealth. Sincerely Michail