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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: sun-tzu who wrote (148058)2/3/2002 10:54:19 AM
From: LLCF  Read Replies (3) of 436258
 
<As the Nasdaq roared to 5000, we began to see a familiar pattern: Mutual funds identified their favorite stocks. Because these funds had no sell discipline whatsoever and arrogantly believed that stocks were never overvalued if they were growing, they were willing to pay ever-higher prices to earnings>

I think this is hilarious because freakin Cramer was one of the ones with NO discipline!!! ROFLMAO! <NG>

Good article nonetheless... he should know.

DAK
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