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


To: Seeker of Truth who wrote (38197)9/13/2003 2:08:29 PM
From: Haim R. Branisteanu  Respond to of 74559
 
Thanks, I am a fundamentalist and unfortunate the markets rarely go by fundamentals. Most financial assets now more by charting, short or long busting and the ability of promoters to hype.

AMZN is a great example in the stock market why it trades at a multiple much higher than other book retailers is beyond me

Black box trading is a classical situation that the amount of hubris propagated by the monkeys overseeing vast amounts of money move the markets



To: Seeker of Truth who wrote (38197)9/13/2003 9:25:26 PM
From: TobagoJack  Respond to of 74559
 
Hi Malcolm, <<I can guess Jay's answer to that. He doesn't mess with such details>> ... I am impressed by your read of friend in HK, after five years of telecommunication and one face-to-face 3D partake of food :0)

We still need to work out the script for 2004, and time for portfolio transition may be close again, as more and more folks realize that something bad this way comes and some other thing will have to break ;0)

Chugs, Jay