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I am unconvinced that equity problems are ended. Once again, as always,
they poured money back into triple digit pe stocks with the only driving
force, liquidity. Two more days like today and the bubble will be thin
walled again since they only want a tiny fraction of the NAS stocks and to
hell with the real value that's present. I had hoped that after a 50%
beating, they would have learned something but obviously nothing has been
learned beyond greed and fear.
I'm not complaining mind you. My short button still works but I did have
hopes that investors would have learned to search out value rather than
continuing the crap shoot. I now believe there are so many novices in this
market that they don't know how to find value and can't stop piling on top
of a teetering heap. Oh well, I'll average short into them as they pile on
again until they figure out there are more than 100 stocks in the NAS.
Bob
At 04:10 PM 12/5/2000 -0800, you wrote:
>It is not what is really happening in the economy or with earnings that
>counts. It is peoples perception of what will happen which will drive the
>market. Will earnings improve? Can a company increase its earnings 381% per
>year as reflected in its PE ratio? The reasons for the markets moves always
>come out after the market has moved. It is only we traders that put our money
>where our systems tell us to believing that what we see on the screen is our
>crystal ball. Have a good week. Ira
>
>Don Ewers wrote:
>
> > As an afterthought, the recent currency/dollar moves may have signaled what
> > the Fed plans to do?
> >
> > The bond action today however was not the normal flight to quality? Some
> > thing has to give or does it?
> > don ewers
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>To unsubscribe from this group, send an email to:
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