Zeev's Turnips Patch-No Politics (ZEEV)

[otraque]

<<Hi Max,
Are you a Mauldin fan?>>
John Maudlin, am i fan, yes.

Bill Maudlin--ah shucks, i got to use this opportunity to play on the name Maudlin and Bill Maudlin was the greatest war "cartoonist" EVER.
Now this is one heavy Dent Maudlin hammers into Super BubbleLonian(alternate spelling Bubbleloonian) Harry Dent's arguments that we just have since 2000 experienced a bump in the road and the New Bull is ready to ROAR again.
<<1. The P/E (Price to Earnings) ratio of the S&P 500 in 1921 was 5.4 rising to all of 8 in 1922. The P/E of the NASDAQ today is either 227 or 139 or 36, depending upon who you ask. More on these numbers later. (The 227 figure is from that doom and gloom publication, The Wall Street Journal.)>>
Boy i would love to know what P.T.Barnum is pushing that 36P/E for Nasdaq!
BTW, regards NASDAQ growth as a percentage of GDP, it hit 52% in 1999.
It very likely will never break that again, so relative to GDP NASDAQ future growth has hit a wall, maxed out; so now, logically it should have its' bizarrely insane P/Es crash to a semblance of rationality.
That Harry Dent sounds like a George Gilder clone.
My statement regards those once again trumpeting that Broadband will take tech stocks to da moon avoids always that the majority of the populace can NOT pay the monthly rates to make all these toys big money makers.
And another factor, the Video-Game fanatics that MUST have broadband, like they are going to make big bucks and raise decent families while playing their endless on-line video games, and thus keep the cash pouring into to maintain their broadband bills.
Hell, i can go on and on about needed cash flow for this next BOOM and the hard realities that say it can't happen.
The growth in areas like this fade fast once the group with the bucks spend themselves out.
Fortune magazine this week a must (Uncle Sam on the cover pointing his finger and saying "I Want YOU to Pay More TAXES"(arguing how U.S.Government will be sneakily being hitting you up in other ways to take your tax cut money back) and a painful/grim article "Is Your job Next?" directed to the White Collar sector.
They bring out that technology that crushed the Blue-Collar sector years back is now slashing into the White Collar sector.
One quote "Gains in productivity mean one white-collar worker can do the work that it took 2 or 3 of his peers to do 10 years ago". (and companies now have focused in that, and are slashing jobs)
Well if that is the case, and if also companies, as expected they will, outsource more and more Service Sector jobs to places like India and the Philipines.
i ask Harry Dent where is the cash going to come from to feed his Gilderish fantasies??? Max