He is the president. We have to respect the office. But I don't respect the man. |
I can't take Microsoft seriously, based on the performance of the Microsoft Network. The Microsoft Network failed miserably. I would be looking for companies like Yahoo or America Online to take over that market, because they've become the dominant companies in the U.S., Europe and Australia. |
I don't think there is a compelling reason to be in equities right now. I would be actually sitting on cash, looking for a better entry into the gold market. Gold has awakened out of 20-year bear market and surprised a lot of people. |
I think the government means business this time. Also, their stock is trading at 18 times their revenues -- it's extremely overvalued. |
It probably won't be as popular as Microsoft stock. |
Microsoft's market cap right now is $208 billion. If you were to combine Ford and General Motors market cap(s) . . . that would only equal half of (Microsoft's) market cap. Granted, (Microsoft) by far is the premier growth company in the world today. But again, it is trading at 60 times earnings. |
The consumer is the only clear winner. |
There are a lot of negative things that could happen that could surprise the market and, in my opinion, and lead to a real downswing. |
There's too many alternative ways to buy computers. |
This is not a surprise, based on their last earnings disappointment. I think they're a one-product company and somewhat of a status company. We expect more of the same in quarters to come. |
This market is not moving on fundamentals. There's an incessant flow of money, and you have a lot of stocks at excessive valuations. Once the flow of money subsides, you can look for a severe correction. |
With the type of war chest they have, it's easy to catch up. |