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Pastimes : Home on the range where the buffalo roam

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To: mishedlo who wrote (10944)	2/28/2001 3:08:57 AM
From: LLCF	Read Replies (1) of 13572

<What is really absurd to me is retail stocks like kohls KSS selling at PE of 70. Coke KO selling at pe of 60 with 5% growth or something like that. This really makes no sense. They propped up the DOW, as I said, and in the end it will just make it all worse.> Exactly... on the way up plenty of people were saying NASD overvalued at this level... look at the PE's especially in lieu of sideways revenue numbers at some large companies. Then you look at the S&P and DOW like you do above and the market is absurdly fat especially for an economy headed into a recession with all time high leverage under it: downside.com Puts on the Dow or S&P [if quick] look like gifts here to me... BWTFDIK DAK

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