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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: dennis michael patterson who wrote (38342)	1/28/2000 9:28:00 AM
From: Cynic 2005	Read Replies (2) of 99985

<<is your comment directed at something i said recently? >> No. Actually, I had CNBS in my mind when I said that. Those bozos on the tube are so pathetically bullish that they never question anything that calls for any going-up. Yesterday, the guest on Quack box said DUNG will go to 5000 by th end of this year. And he said that it would mean that the PE of DUNG will be 60-70! I KNOW it is a lie. Every one who has been reading this thread for the last 3 months know aht if DUNG is at 500, the PE would be more like 400, not 60-70. They don;t question these kind of obvious lies. I am talking about such issues. I have nothing against any person going long CSCO at 105 (PE Of 130 or whatever) or EBAY at 150 (PE of 6000 or whatever) as long as they know what they are doing. If they can find a greater fool to sell them to, all the power to them. But if they tell me cock-and-bull stories of new-era, new-metric yada yada, I give a deaf year.

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