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To: yousef hashmi who wrote (38093)9/3/1998 4:21:00 PM
From: Skeeter Bug  Respond to of 53903
 
yh, actually, i think it behooves him not to make irrationally exhuberent comments as we are still 1k points higher than when he said that and the world economies are now in the tank! ;-)

i think a slow reduction to fair value in the markets is needed. my guess re fair value is 10-20% below current levels.

oh, except for many small, illiquid stocks that are trading well below fair value - in particularly, my longs! ;-)



To: yousef hashmi who wrote (38093)9/3/1998 4:41:00 PM
From: yard_man  Read Replies (1) | Respond to of 53903
 
You sure ascribe a lot of importance to Greenspan. How did he start this bear market?



To: yousef hashmi who wrote (38093)9/3/1998 5:28:00 PM
From: Bipin Prasad  Read Replies (1) | Respond to of 53903
 
....
Among the reasons for optimism are that half of all personal computers
sold in a year fly off the shelves from October to December. On top of
that, half of all corporate PCs use Intel Corp. chips that are more
than nine years old.

And companies everywhere are racing to beef up networks that tie
together systems used to run businesses in a world that doesn't
respect time zones or borders.

''We're still seeing real growth in technology,'' said Michael Murphy,
editor of the California Technology Stock Letter in Half Moon Bay,
Calif.
.......

biz.yahoo.com