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.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (36635)	10/11/1998 2:31:00 PM
From: stak	Respond to of 50808

rarebird, > Essentially investors were crowding into the fewer and fewer stocks which continue to rise, thus bloating their values well beyond what is justified by these companies profits << yes and that feeling of invincibilty is going to make the safe harbor stocks very painful for the retail investor once ... >One interesting parallel between 1973 and 1998 is that in both instances there were virtually the same tiny number of issues which were continuing to show technical strength.< absolutely! one difference though is that in 73 it was out of greed and now it is more out of fear(looking for safe harbor). >One notable difference is that today's " Nifty Fifty " are showing an average P/E Ratio which is 50% higher than at the inflated 1973 peak, suggesting that these large-cap beloved brand names are almost certain to lose about 90% of their value over the next decade after adjusting for inflation.< ouch that's gotta hurt.you mean that even with the demographics of baby boomers pouring into mutuals, we'll still see a massive drop in capitalization in the mighty tech stocks? > A New Bull Market will be in place when we see advances beat declines by more than a 2:1 ratio for a period of two weeks.< let us know if you see a turnaround in this ratio. stak

To: Rarebird who wrote (36635)	10/11/1998 10:06:00 PM
From: Spider Valdez	Read Replies (1) \| Respond to of 50808

rarebird i respect what you post but i still think market is bullish. we know corrections will come. we now see expected reducing of prime interest rate again. greenspan is who we look to not president. i bet you we see dow 9000 before dow 7000. you are right about certain sectors but investment total market , index, spiders, is bullish imo. we had gift horse time to cover short positions in net stocks or stocks in these sectors we boxed. now i think investment strategy should be total market. i covered many shorts during corrections and go long on many i feel will rebound. spider