AMD always manages to shoot themselves in the foot.
I think we have to wait until 2002 for the Fed's rate cuts to take hold and stocks generally move ahead of the economy.
AIG trades at a market multiple, and it is indeed the best insurance company in the world, in my opinion. But financial stocks rarely, if ever, trade at market multiples.
I hope when the Internet bubble bursts -- and it will burst because all these manias eventually do burst -- what I am hoping is when it bursts it does not spill back over into the market.
I think it's going to be a difficult year. We're undergoing a change. I think the markets will broaden and some tech stocks will suffer. In my opinion, they've reached a point of absurd valuation. These stocks are going to give up the ghost with money going into other stocks.
There is always a decided risk in fluctuations of financial markets, and fluctuations in exchange rates, as well. What happened on Friday may be a trend or it may be a temporary thing, but the main focus of the G-24 is on the outlook for the world economy.
Every time we play them, it's a rough game.
(January 17, 1982 - )
Love always brings difficulties, that is true, but the good side of it is that it gives energy.
Vincent van Gogh