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Biotech / Medical : Elan Corporation, plc (ELN)
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To: arnie h who wrote (2404)6/25/2002 9:53:14 PM
From: IRWIN JAMES FRANKEL  Read Replies (2) of 10345
 
Hi arnie,

I have herd others make the same point that the market is still pricey from an historical view. I have never seen anyone who takes that view try and adjust values for the prevailing interest rates. When viewed that way (and I think it should be) the market is not overvalued. That rational statement will carry little weight in the panic that is going on. For now the market is cheap today and cheaper tomorrow.

WCOM cooking the books will support continued paranoia.

ij
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