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.

Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (8860)	8/24/2002 3:10:35 AM
From: pbull	Read Replies (1) \| Respond to of 13815

Our good buddies at the Fed said they didn't cut rates now because they wanted some ammo left for later in the year. My thinking is something (whatever) may go wrong in Iraq, and there's an oil shock. Then again, the Fed's weak dollar policy laid waste to this market, and sure, they want the traditional post-crash rally, but I'm not sure what they want after that. At Dow 7550, valuations looked OK to me but certainly not cheap. At Dow 9,000, valuations are getting stretched again, as former Fed vice-chair Alice Rivlin recently commented an in interview on the tube. So, what to do? I started to list a few specifics, then deleted them. I recently spoke with a broker buddy of mine, who is a whole lot more interested in playing the crashes than he is going long. It's that dang valuation thing, I guess. So, my recommendation would be to sit tight for now, don't worry about it, and then when the next new thang comes along that looks like a good investment idea, just short the crap out of it. PB