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 : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Rick Storm who wrote (13091)	7/26/2002 1:49:23 AM
From: 16yearcycle	Read Replies (2) \| Respond to of 57684

Rick, imho, great companies will always be worth owning at VERY low prices, as long as you can wait it out. Less frequently, they are worth owning at very good prices. For example, I noticed recently that a cd I opened in 1981 was for 18.3%...so although stocks were cheap that cd might have been a better idea. It's usually a great idea to even buy at a reasonable price as long as you can wait, but imho, we are way below reasonable, and it looks to me like we won't have much of a wait, now. I think we have about an 80% chance of being much higher by January. Let me say that there is NOTHING in my experience that has prepared me for this. It's truly awful. I never imagined that things could be so low and the majority would still think they were not cheap enough. That's really dumb when you think about it...they obviouly get cheaper until everyone thinks they are too cheap. An sp pe of 15-17 with rates at 4%. Incredible. SP pe was around 8 in 74, but rates were 3x higher, AND sp earnings were not in a trough in 1974.....this market is significantly cheaper than that one. There is simply not a yardstick for this. Is this happening, these cheap prices, because something beyond my comprehension is occurring? It seems to be. You bet.