Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Jean M. Davies Schmith who wrote (8159)	10/28/1997 12:09:00 PM
From: Tommaso	Read Replies (1) of 94695

We are evaluating this market on the basis of seven years, ten years, fifteen years, or even 23 years of activity. We are are at the peak of a recurring set of bull market surges, and stocks are more overvalued in some respects than they were in 1969 or 1929. When this all began, you could buy Royal Dutch Petroleum at a P/E of 3 and a dividend of around 7-8%. Now we have untested technology stocks selling at p/Es of 30 and more. Would you like me to explain what "P/E" means?

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