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.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: John Sikora who wrote (53152)	9/18/1998 12:47:00 AM
From: Trey McAtee	Respond to of 58727

john-- agreed. i just hope this doesnt turn people off the market forever. a friend asked me today if i felt guilty about making money from the losses of others...i dont at all. THEY were the ones who bought overvalued stocks, not me. one thing that no one seems to want to acknowledge...when i started investing seriously, all you ever really heard on CNBS was earnings. now, we are using a rate cut to justify an increase in equities. its like we have thrown all common sense and reasonability out the window. but now...lets get really gloomy...i intend to be on my familys ranch in late december 99. i am also buying solar panels..some kind that are supposed to be great...the hopi indians are using them. as of jan 1 2000, we will probably see the power grid and the phone system go dead...the problem isnt SW, its all those embedded chips. the utilities dont know where 3/4 of the stuff on their networks is, let alone what it is<G>. all i know for sure is that the last place i want to be then is in a city. of course, if i am wrong, i will have spent a lot of money improving the ranch house, but...its good for the environment...yeah, thats the ticket<G>. of course, all this doesnt even take into account the very real threat of global war<G>. isnt there a chinese curse that say 'may you live in interesting times'? good luck to all, trey

To: John Sikora who wrote (53152)	9/18/1998 3:38:00 AM
From: Dr. Jeff	Respond to of 58727

Let me just say, I agree with you about the fact we're in a Bear market. The indices are very misleading. More stocks are down significantly than ever before. (30, 40, 50% or more down). But everyone has got to buy DELL, YHOO, AMZN, CSCO, INTC, MSFT, etc. because they dropped, so they must be a bargain. This market would have to drop 50%+ to be a bargain. How people can buy stocks in this environment is totally beyond me. I can't call it investing anymore - because today is nothing close to that. This is pure gambling and speculation. A MANIA. No one knows what is going on, they keep using the excuse about low inflation, etc. And hope the market will get a dose of steam if we get a rate cut. First of all, look at Japan. Their rates are as close to zero as you can get. Has that helped their market? No! They are sitting at a 12 year low. And they have another big leg down in my opinion because they've done nothing to handle their banking crisis. They just tried to "wish it away." I personally think the economy of the last 10+ years has indeed produced incredible growth in many different areas, yet, I must ask, FOR WHAT? Most technology is just used for other technology. The techs are responsible for many jobs, but what is actually getting done to benefit humankind as a whole? I still can't quite figure that one out. Having some relatives in Tech, i've seen their lifestyles benefit from it, but I can tell you they're far from happy, but that's another story. I also think Y2K could totally wipe it all away in that one fateful moment only 469 days from now. The uncertainty is massive, and denial is rampant because we're indeed in a mania. When you can ask the guy bagging your groceries about the market and he can tell you all about it, we're in trouble. I believe this market will have some big short squeeze rallies yet, but in the next few months I see a rude awakening coming for the "LONG TERM, BUY & HOLD" group. Just where the hell do they expect the market to go anyway? Permanently expanding multiples? NO WAY! This will be a rude awakening to most. Warren Buffett isn't sitting on $9 billion in cash for no reason. The banks didn't tumble 50% in less than a month for no reason. I believe a depression is coming. It will be unlike anything we can even imagine (and wouldn't want to anyway). It will be bad because this time, 6 billion people are effected. As Alan Greenspan asked in his testimony yesterday, "Where was the due diligence by investors." I've done mine and I say there is no reason to own stocks. NONE! Not with all this uncertainty. Forward look is impossible because NO ONE know what the hell is going to happen...........GOOD LUCK!