Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (2771)	4/3/2001 7:07:37 PM
From: patron_anejo_por_favor	Read Replies (1) of 74559

<<Mary Farrel Senior Investment Strategist, UBS Paine Weber on CNBC today: By ANY measure this market is undervalued.>> BS. By historical trailing PE's (or future PE's, for that matter), this market should come down to SPX of 800, at a minimum. Along the same lines I'm hoping that Harpo (AJC's) last "100% equity" allocation proves to be her Waterloo and discredit her once and for all (and there's an EXCELLENT chance of that, IMO). Isn't Mary Farrell one of the clowns...ERRR, ELVES on Chuckleheyser's show? Have ANY of them been bearish at ANY point in the current downturn? Perfect record...as contrary indicators methinks..... Regards Patron

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