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Technology Stocks : Seagate Technology - Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (387)	12/22/1998 12:12:00 PM
From: LK2	Read Replies (2) \| Respond to of 1989

RE-->>Market bubbles<< Market bubbles drag the entire market higher. So why shouldn't they, when pricked, drag the entire market lower, as well? As investors, we don't mind the ride up. It's the ride down that gets uncomfortable. Are we in a bubble? With the market selling at the highest PE ever (excluding negative earnings periods), highest price/book value, highest almost any traditional valuation measures ever, some people might think we are in a bubble. RE-->>The proliferation of really bad movies and TV shows. Or is it just me?<< Unfortunately, that's probably more related to a person's age than any change in the entertainment itself. Regards, Larry

To: Robert Douglas who wrote (387)	12/22/1998 3:04:00 PM
From: manohar kanuri	Respond to of 1989

OT Robert, Your concerns about earnings, stretched valuations etc., are mine too. I'm looking at Washington as a potential proximate cause that triggers the re-evaluation. Such as - if it gets distracting enough in DC and Brazil starts to go ballistic - who is going to coordinate whatever needs to be coordinated, and if there is no obvious person who seems capable of pulling it off, what will the market do? As proximate causes go I'm ranking a dragged out drama/paralysis in Washington as a candidate. We should know in the first week, I guess, what they have in mind. mano EDIT: And seeing as I've started misspelling Yeats I should probably refrain from talking about the quality of movies and TV shows. :)

To: Robert Douglas who wrote (387)	12/22/1998 5:56:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 1989

>-(Specific worry for tech stock investors): The recent rally has been nothing more than the cessation of the inventory liquidation that drove stocks down earlier. I would worry that the market has been fooled on the upside of the inventory cycle, just like it was fooled by the downside of the cycle earlier. Don't forget seasonality. I don't know why, but tech investors seem to repeatedly forget that Q1 and Q4 are strong, Q2 and Q3 are weak. (Parenthetically, what happens to all that capacity during the weak months, now that we are in a BTO, JIT regime?) >-The proliferation of really bad movies and TV shows. Or is it just me? I must confess I really liked Armageddon. >I would worry a lot more about any of the above than the shenanigans in the nation's capital. I'm still waiting for 15% across-the-board income tax cuts and elimination of Social Security, 401(k), government pensions, et. al. and replacing them with universal IRAs instead.