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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (50415)	12/21/2000 4:23:53 PM
From: UnBelievable	Read Replies (5) of 436258

Another Day In The Efficient Markets KO indicates that 4Q sales will be up by 2-3% rather than 5-6% as previously expected, due to the economic slowdown. The stock with a PE of 78, goes up by 5.6%. They said that next year would be OK (unless there is an economic slowdown). Major Averages all closed green (a redish green) because a number of stocks perceived to be immune from an economic slowdown were up quite a bit. These included JPM up 5.2%, MER up 2%, IP up 5.1%, MSFT up 4.7%. WMT was up 5.7% and HD was up 4.5% based on reports that sales were much weaker than expected. WMT's PE of 37 and HD's of 37.41 are not too shabby for retailers. INTC, IBM, and MSFT are now considered value plays with PE's from 20 - 24. In an unexpected development T was actually down 9.9% based on news that it would cut its dividend and have a larger than expected loss. Did I mention that even though $INDU closed up 1.6% just shy of the 10,500 level that 5 of the 30 components traded at 52 week lows today. So remember, when it comes to stocks, get it while you can. We are not going to be seeing these prices for long.

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