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We are way past all fundamental rationale here. This market is a market of
fear, of fear of missing out on the century's biggest bull. People would do
anything to get the latest IPOs and nasdaq highfliers. History shows, the
majority never knows what it is doing and what is getting exposed to. History
shows further the best deals are never those advertised all over the place.
This time is not any different. When this stops, millions will lose, to feed
those who knew what to do.
It is not a time to buy IPOs it is a GREAT time though to sell shares to the
public. This IS a ONCE a century opportunity to unload stock at very lofty
prices with minimal effort for really vague business plans, most of them not
even proved.
Selling shares IPO is where the BIG money is to be made now. Not trading these
things like a slave chained to a gallion, uhh sorry, glued to a PC screen and
feed.
Best to all
Gwenn
| -----Ursprungliche Nachricht-----
| Von: Proffittak@xxxxxxx [SMTP:Proffittak@xxxxxxx]
| Gesendet am: Friday, November 12, 1999 1:59 PM
| An: eadamy@xxxxxxxxxx
| Cc: realtraders@xxxxxxxxxxxx
| Betreff: Re: Near term SP500
|
| In a message dated 11/11/99 6:00:11 PM Eastern Standard Time,
| eadamy@xxxxxxxxxx writes:
|
| << Had to do a bit of juggling, even as big as this is, but this shows the
62%
|
| w.5 target at 1750 and 100% w.5 target at 2062. I have major time cluster
| w/e 06Mar00, 17Apr00, and 24Jul00. The very long term historical chart of
| the S&P cash which I've posted previously has upper channel from the 1929
| high currently just shy of 1600. I know it sounds crazy, especially given
| the valuation model off the chart, but my hand work and AGet's work all
| agrees, and so far at least, everything is on target from 22Oct.
|
| Earl >>
| thanks for the gif
| this will put sp with p/e of >40 (even if earning increase ave 15%)
| if this will come to reality
| I will throw away all my books related to fundamentals projections
| have a nice weekend
| Ben
|