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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (170851)	6/8/2003 2:36:57 PM
From: tejek	Respond to of 1583952

Ted, Scumbria did something to enhance it but I don't have a clue as to what it was. My guess is that he wrote a script that downloaded every single message in the thread. Then he just did searches on his own hard drive, perhaps even with a simple 'grep' in UNIX. That sound's about right. this rally could be marking the end of the bear Valuations still suck. Even for INTC, I can't defend the forward P/E ratio of 35. That's typical at this stage of the recession. Valuations tend to be somewhat out of line with P/Es at the turn of the economy. Yeah, I know, rates are low, and maybe old valuation models don't apply. But the same was said for the bubble of 2000. I just don't want to be caught holding the bag after this rally. You're not comparing apples to apples. The valuation/PE divergence was much larger in 2000. Besides, INTC is one of those name stocks that's always expensive because every mutual fund has to have some of its shares. Besides, I am not playing with stocks like INTC. I am into small caps right now; their business has started to turn already and their P/Es tend to be in line. That's why small caps usually lead us out of a recession. Of course, maybe there are many, many people who feel the same way I do, which is why a correction in the next few months would be a healthy thing. In the meantime, I'll stay nimble. Not to say a correction would not be healthy but its best to go with the market flow instead of superimposing what you think its should be doing. ted