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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: puborectalis who wrote (7925)11/25/2001 10:52:33 PM
From: sylvester80  Read Replies (2) | Respond to of 99280
 
I also seen record car sales but car companies are losing $8000 per car with 0% financing (or free money). I wonder what happens next quarter when everyone that wanted to buy a car with free money would have one.

I thought it used to be that we valued companies on price to earnings. Did something changed?

Companies are losing money and selling stuff below cost. Just like the furniture company we bought some furniture below cost this weekend who are down 40% from last year.



To: puborectalis who wrote (7925)11/25/2001 10:54:31 PM
From: Softechie  Read Replies (1) | Respond to of 99280
 
*People say market moving up huge but they don't give any real catalysts like PC's era, internet, e-commerce, telecom, CLEC, wireless. All these techs plays are over and glut galore. Are there any real catalysts like next generation of techs. Something that can generate excitement for pumping in more money or just a pool of money moving around the market. Fed is trying their hardest to pump in more new money and forcing the bonds to get into equities. Fed is playing a dangerous games and it will backfire and watch for market crashes.

Also Trimtabs is very bearish on this rally. They have the numbers at hand and can't be too wrong especially with insiders selling during this rally. Watch for earnings warnings season to open real soon now and it could be this week.