VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: BirdDog who wrote (45152)	12/13/2001 9:42:56 PM
From: Petrol	Read Replies (1) of 65232

Where's the run-up, you ask? The run-up is in every single POS tech stock that doesn't make money and probably won't anytime soon. If you follow history, ALL bubbles end badly. Valuations are higher now than they were in 2000 AND 1929. Of course, the fed IS printing a LOT of money and has made 11 rate cuts in one year and some are crying for a stimulus package - this leads me to believe that things are worse than my little brain can fathom... for the love of pete, would YOU buy a stock for the long term if it has a pe of 100? 200? 300? Aw, heck, maybe I'll just pack my account with NTAP! It's only $21.59 a share after today and it's a bargain with a pe of over 400. These are the kinds of stocks I'm talking about...

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