To: Boplicity who wrote (78371 ) 11/11/1998 11:23:00 PM From: Lucretius Read Replies (2) | Respond to of 176387
you better tell Brazilian investors how great the US economy is cause they dumped the Bovespa for another 3% today, and I'd also stop by Hong Kong and Japan and tell them how great everything is as they seem to be having a bad hair day tonight? (G) here's a response that I gave on another thread to a question about that very INTC article that you refer to where the analysts are livng in LaLa land. On the serious side, I think you guys are missing the point. You will not have forewarning of a slowdown in demand for PC's to signal to you to get out, while you are in a mania the stock stilll won't drop (look at INTC... they've had declining earnings yr over yr for the last couple years and yet it hit a new ALL-TIME high today?) That's the key to a mania, fundamentals are ignored and charts and MoMo become the drivers of mkts. of course, when that ends, (Russia's default effectively ended it for us) disaster follows. here's the response: <<<beebs, they are assuming a roaring eonomy and endless growth. that will not be the case. Recall that crashes occur as everyone is exclaiming "why"!!!!!! afterwards, they always exclaim how great the fundamentals are.... can you see this happening anytime soon? there is no such thing as the perpetual motion financial model. When an economy becomes dependent on a stock mkt and a stock mkt is of course dependent upon an economy, the mkt always goes first because of the popping of a credit bubble... then the economy follows. or so history teaches us, but maybe we are in a new era (G) My guess is we saw INTC, IBM, INTV, MU, internuts, and other trash type speculative stocks top out today and yesterday. The speculative trash is usually the last to go, and it looks as if that will hold true once again.>>>>> I'm sure this all sounds insane to you (as it should). So, I'd just ignore it and step up to the plate to buy more DELL. nothin but blue skies...... (G)