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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: robnhood who wrote (80200)3/14/2001 12:44:54 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
One very vivid memory I have of October '87 is that when we were at the bottome on Tuesday, 10/20, no one, and I mean ABSOLUTELY NO ONE was calling the bottom. Much less the insane clown posse we now see on the media. No. 1: Stocks are NOT undervalued by any conventional metric (price/earnings, price/sales, price/book, dividend yield, etc.). For this clown to come out and make a statement like that belies intense desparation and nothing more....
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