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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (11848)	12/14/2001 12:30:52 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

M, I have no idea. I don't consider $15 reasonably priced considering they will soon earn $3 a share per year [give it 3 or 4 years]. I don't think there are big businesses which can return such profits. Of course, small new companies can do much better, if you can choose the right ones. You should check out the QUALCOMM discussions as this discussion is for overall markets. I believe the markets are going to continue up after the tidying up of the irrational exuberance is complete. It has been a very big mess to correct, but the process is nearly 2 years old now. I suppose it quite likely that there will be another big swoop down, perhaps to lower levels than 11 September, but I'm not betting on that. I would not be sitting on US$ cash. The US$ might, or might not, drop a good chunk [many consider it overvalued]. Interest rates are pathetic. Companies like QUALCOMM are going to continue to do well for decades to come as the technological revolution continues unimpeded and globalisation and demographics accelerate that process. Mqurice