Forum Archive Index - June 2002

["Lindley Smith" <lindleysmith@bigfoot.com>]

Where's the analysis/reasoning/logic to back up those statements?

I'll agree that the NASDAQ was a bubble.

Here's one for you to think about and comment on.

As I see it, gold like all the other metals/minerals has a falling cost of
production. In the long term the price of gold will tend to track the cost
of production. Any 'variation' from that trend could losely be termed a
'bubble'. Therefore gold IS in a bubble. Has it just started, how long will
it continue for, has it popped already?

Now back to the DOW, and where it is going. Has anyone got a graph of the
DOW going back . . . forever? I'd be interested to see a long term technical
analysis of it showing what it's level could be if it had followed long term
historical patterns in the last 10-20 yrs.

I was looking at the FTSE the other day, and the few companies that I
glanced at all had reasonable PEs (10-15), so maybe it is at a reasonable
level.

Here's another one. Why do all indices weight their components based on the
size of the company? Personally I'd prefer indicies that weren't weighted.


> Just watched the opening bell on Wall Street, we are in freefall. Hope
> everybody dumped their  international share based mutual funds this week.
> The US  market
> will continue to fall and 4000 - 6000 on the DOW is very likely.
>
>
> Gold is about to explode, is gold in a bubble ? after 20 years in a bear
> market it has risen form $ 255 to $320. This is not a bubble, the NASDAQ
at
> 5000 was a bubble.
>
> Unhedged Gold and Silver producers will expode, its only a matter of time.
> The gold bullion banks are fighting the trend, they can only manipulate
for
> so long.
> When gold hits $354 an ounce, the derivatives market will implode.
>
>
>
> >
> >
> > > Steven Tong wrote;
> > >
> > > "There will BE NO RECOVERY IN US EQUITIES THIS YEAR"
> > >
> > > I recall another stumble of the U S economy. I refer to the savings &
> loan
> > > fiasco.
> > >
> > > A rash of unwise lending by small community banks called savings &
loan
> > banks
> > > had threatened a bust the amounting to what looked like several
> telephone
> > > numbers strung together.
> > >
> > > The U S congress took over these banks and ruthlessly liquidated them.
> > Thanks
> > > to an economic recovery they were able to sell off these assets. I
> cannot
> > > recall exactly, but the net result was a small gain or loss for the U
S
> > > taxpayer.
> > >
> > > My point is that the U S was able to take decisive corrective action
to
> > > ensure stability and recover.
> > >
> > > If there is a melt down on Wall Street I guess we will see the same
> thing.
> > >
> > > The DOW @ 20,000 in 2006?
> > >
> > > Boop-doop-de-do Marilyn
> > >
> > > Short on diamonds, long on optimism
> > >
> > >
> >
>
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