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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: BirdDog who wrote (45152)	12/13/2001 9:27:10 PM
From: Timetobuy	Respond to of 65232

17%? Sure from the Sept. 10th low. How do you know the market wouldn't have gone lower anyway into October? Try 50% from the intraday low in Sept to the intraday high on compx and 41% today in 3 months minus a week. Even 17% in that time frame is a big move for an index. If you don't think it's a big move, would you say that a 17% move down from here is not much? Incidentally, the sp is up less than 3% from it's Sept 10th close. That is a mere 27 point gain. The dow is up a little over 1.5% from the Sept 10th close. Could nasdaq end up close to it's Sept 10th close? Sure we could do that in just a few days of selling. Will we? Hell if I know.

To: BirdDog who wrote (45152)	12/13/2001 9:42:56 PM
From: Petrol	Read Replies (1) \| Respond to of 65232

Where's the run-up, you ask? The run-up is in every single POS tech stock that doesn't make money and probably won't anytime soon. If you follow history, ALL bubbles end badly. Valuations are higher now than they were in 2000 AND 1929. Of course, the fed IS printing a LOT of money and has made 11 rate cuts in one year and some are crying for a stimulus package - this leads me to believe that things are worse than my little brain can fathom... for the love of pete, would YOU buy a stock for the long term if it has a pe of 100? 200? 300? Aw, heck, maybe I'll just pack my account with NTAP! It's only $21.59 a share after today and it's a bargain with a pe of over 400. These are the kinds of stocks I'm talking about...