Forum Archive Index - July 2002

["Morgy" <morgy40@xtra.co.nz>]

Geoff

 

Couldnt agree more, watch Coro St on Mondays, thats all the soap opera I need for a week. I note that they are touchy about being called rampers and hide behind disclaimers while openly trying to push stocks. Still, "king for a day".

 

 

Regards

 

Morgy

----- Original Message -----

From: geoff_julie

To: sharechat@sharechat

Sent: Friday, July 19, 2002 10:30 PM

Subject: Re: Re: [sharechat] WHere have all the fullas gone....

Hi Morgy

 

great reply, enjoyed reading your thoughts / comments!

 

I agree, other forums appear to have a few interesting characters and comments but many of the comments are pretty ordinary bordering on nonsensical and / or ramping.

 

As the old adage goes - quality over quantity!

 

 

Regards

 

Geoff Walker

 

ps    I'll add my 2c worth, slightly off topic.  I'm picking further big falls in the Dow and NASDAQ, down to say 6,500 - 7,000.  Reasons, current Dow average PE of 26 (refer to CNN, estimated) are based on current highly inflated profits that we all know are garbage.  Dow has traditionally traded between 10-15 PE's.  Consumers are heavily indebted, consumer confidence is slumping, manufacturing slipping, interest rates only have one way to go - up, dollar falling thereby enticing overseas (i.e. Japanese) holders of US debt to repatriate their monies forcing US dollar and markets down further, and to cap it all off, huge twin trade and budget deficits.  NZ ain't such a bad place after all (unless the Greens & Labour have control....)!