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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: rsie who wrote (13550)4/29/2000 10:26:00 AM
From: rsie  Read Replies (1) of 15132
 
"After we got the initial half-hour burst of euphoria out of the way, the Dow
and the S&P started to sag, and the Nasdaq came off its highs. Nevertheless,
buying was still around in the most beloved of all indices, the Sox, which was
up 3 percent in the early going, even as other areas, like bank stocks, were
down a couple percent. Folks who insist on buying companies at 20 times
revenues and 70 times earnings in the face of rising interest rates will find
out the hard way - it's a long way down from here when these things finally
start heading that way.

from fleckenstein on the home page....
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