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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Terry Whitman who wrote (21539)9/25/2000 8:58:22 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
at 721 it'd still be vastly overvalued...cyclical industries deserve single digit p/e's in normal times, high p/e's only when their earnings are cyclically under stress.

due to no SNGR, NG keeps hitting new highs...and oil will soon shake off the news. especially with everybody falling over themselves and each other predicting $20,- bbl. all of a sudden. i'll believe it when i see it. $20 is possible if there's a painful recession...not otherwise.
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