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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (46290)	2/9/1999 12:45:00 PM
From: Mike M2	Respond to of 132070

Gary, I would recommend that you subscribe to the High Tech Strategist PO Box 3133 Nashua NH 03061-3133 $95/yr 12 issues, 3 mos. trial $30 He does an excellent job of stating the bears case and supports it with extensive data and historical perspective . Fred was a major tech bull in 1990. fred has called the fundamentals very well but this market is a mania which choses to ignore all the warning signs. Tech valuations are comparable to the Japanese bubble valuations of 1989. The Nikkei peaked just under 39000 and is about 14000 now. Each monthly issue is 8 pages of easy reading -it may change your thinking it may not but it is a small investment in both time and money to protect your investments. The trouble with much of what the public hears about is the information and spin is from those who have a vested interest in the continuation of the bull market. Wall St gets commissions and investment banking fees, the mutual fund industry gets management fees and company management is compensated with stock options like never before. Thanks for your input. stick around we just might turn you into a bear -g- Mike

To: gbh who wrote (46290)	2/9/1999 1:29:00 PM
From: Earlie	Read Replies (1) \| Respond to of 132070

Gary: I can understand your point of view. At this end, time in the field has biased me to the Darth Vader camp, admittedly too "early". Playing the long side at these valuation levels causes teeth to grind in sleep, so have been a comfortable, dabbling bear for two years. Year one hurt. Year two was enjoyable. Year three? Even greater divergence (stock prices vrs earnings), more countries falling down, U.S. trade and current account non-ratios, U.S. treasury shovels at work overseas, worried bond traders (speads) and PC/semi sales/earnings declines keep me irresolute. I'll own up to having been nastily scarred by 1987. We are all products of our past experiences. Best, Earlie