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Politics : Stockman Scott's Political Debate Porch
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To: stockman_scott who wrote (11963)1/22/2003 11:29:33 PM
From: Jim Willie CB  Read Replies (7) of 89467
 
critical downtrend lines now meet up with poor forward guidance
this levitation act has gone on about as long as possible
the tech forward view offers nothing but more of the same

with PE's around 50 on S&P, buying stocks here is insane
like pouring good money down a drain

notice how MSFT fell after offering a dividend
they are about the only one out of maybe 3-5 companies in the Dow was actual substantial cash sitting in their coffers to distribute to investors
and MSFT fell over a pt on the news of dividend

I dont think investors will allow their accounts and patience to be ground down indefinitely

/ jim
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