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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (15104)	10/2/2001 2:33:57 AM
From: Skeeter Bug	Respond to of 42834

>>You've done well. The question is can you continue to do well and outperform equites going forward or will you eventually make your own QQQ blunder?<< that is a darn good question. there is always risk vs reward. i won't make a qqq blunder b/c i don't invest in tea leaves like uncle bob. "what the hell, we're in a bear market, there is no fundamental reason for the qqqs to go up, but invest a HUGE portion of your portfolio if you aren't risk adverse. why? b/c i feel LUCKY!" that is dumb. kirk, i have little visibility here. part of me wants to start nibbling again at what i perceive as value. part of me knows that the biggest bubble in the history of the world will not be resolved this quickly with this low amount of pain and suffering. of course, i don't KNOW this, but history keeps yelling it in my ear! i look at msft trading at near a 35 pe with negative eps growth and say "wtf?" i looked at micron trading at 5 times sales in a q where they would lose about a $500 million and i say "wtf?" thank goodness mu stock has taken a beating in the last few weeks, but it is still 2 to 3 times sales. should i buy a 35+ pe stock with eps that probably won't grow going forward (imho)? i can't do it. in fact, i can see a 10 pe. the msft's and the mu's of the world are acting as my barometer for everything else. they are both still at bubble valuations given prospects, imho. people buy name and history and tradability instead buying well thought ought investments based on future potential. when those creatures reach fair value, i'll be nibbling. but, alas, we have a LONG way to go down before that happens, if it happens.