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Hecla Mining Co. Message Board

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  • axzl axzl Nov 22, 2000 8:10 AM Flag

    Profit taking

    kezman, so far the only crisis is in the
    financial markets. Do you remember just a few years back
    when the average P/E ratio of the S & P 500 stocks
    ranged between 12 and 18. Then for the last few years
    all the old rules seemed to go out the window and
    P/E's went crazy.

    Well maybe now we have to pay
    for all those excesses that have been falsely built
    into the markets; You know all that wealth that was
    created on paper through inflated stock values which is
    evaporating before our very eyes right now. If you study the
    patterns of PM's prices, you will see that in times of
    severe financial turmoil, nothing does well, not even
    PM's.

    We live in a paper world. We live in Al Gore's
    world; And that does not bode well for PM's. All
    IMHO!!!!!!!

 
HL
2.75+0.11(+4.17%)Sep 23 4:01 PMEDT

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