Kevin,
We are all "Mashugaim",for ivesting in stocks with hi PE?? Maybe,
maybe not.The first question we have to ask
ouselves is what keeps the market moving up depite hi PE's. Americans
live in a country that is self sufficent. They have, justfully, have
no conern about what is taking place outside. This on the other hand
makes people not see well. US won the greatest, costliest, and longest
wars it had fought during its history, the Cold War! The boom and
grouth and dividence of the victory.We have the mightiest economic power,
no enemies that it really fears, the only superfpower on earth, solid
currency, good government(comapring to what you find in Europe or wlse
where.) It leads the world in quality, technology, and qualified people,
This grouth may have all reasons to go on, unless it is stopped internally,
for one reason or another. And why it shouldn't continue to 2004 or 2010?
Nobody knows!!
All the stock you mentioned are good stocks with the exception of
PG. I think they are in trouble, check that it?
Do you know if GE did reach $ 62 on Friday between 11 to 13.30? I thank you
if you can confirm to me.
Have a good rest,
Yaacov
p.s. You neigbour can save money by drilling a private water well
in his property and ammortize it in two to three years!! |
