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 : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (900)	2/19/1998 8:18:00 AM
From: Mike da bear	Read Replies (1) \| Respond to of 86076

I forget when the market traded down Interesting times now. Looking thru the various threads on SI... nobody can forsee a single down day ever happening again, never mind any type of significant correction. All news is now perfect, any bad news is now ignored (HWP misses earnings, warns on Asia... goes up!... war with Iraq, Asian financial crisis, nearly full employment which will lead to wage inflation, etc.). Therefore, there is only one direction for the market...UP! Look at the DELL thread. So much exeuberance, they figure Dell will grow at 90%+ per year for eternity. They figure the stock should do a double and split on a quarterly basis. My puts will expire worthless tomorrow. But I'm stubborn and will probably reload. It's times like this when everyone thinks the market will only go up that maybe we'll get a crash back down to the 8300 level :) Ole Warren now putting his money in metals... It's the billionaires who are smart enough to see the overvaluation. It's the masses who'll get screwed when (not if) the market corrects. mdb (the last bear in the world?)