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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (73620)	1/14/2000 2:10:00 PM
From: re3	Read Replies (1) of 132070

conceptually i agree 110 %. except : -a bear being heard ? when was the last time ? they get shouted down every time -all pe multiples are exploding. someone noted three good companies but presented a chart showing expansion of pe's on them, 2 were ge and xom, i forget the third. if these can have (bloated to us) pe's in the thirties and fourties, then certainly the rewkeyser boys will say intc is still cheap -the bgr's of the world are still buying index funds and intc is a big hitter there. -the rationales out there for rising prices are getting sillier, not just here but across the board, if the bulls ignore what is nearly a 2 % increase in the long bond from its bottom in the summer of 1998, what do we expect them to do when some thinking is involved. having said all that , conceptually i agree its certainly prudent to buy poots after a big run-up, so : ooc (out of curiousity) which months and strikes for the last third ? thanks ... ike

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