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Strategies & Market Trends : The New Economy and its Winners

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To: Alex MG who wrote (16571)	4/8/2003 7:24:24 PM
From: techanalyst1	Read Replies (1) of 57684

Under? I don't think it is undervalued although there are some stocks that are (and for good reason.... street doesn't believe they should be valued higher....... lol!). But just because it is or isn't under/overvalued doesn't mean that the bottom hasn't already been seen. I don't think it's fair to say the whole entire market is overvalued because a few stocks are at pe's over 50 (probably because of short covering). Who knows? They might massively guide up and then they won't be so overvalued anymore which is going to propel them even higher just on short covering. This whole bull/bear debate is just a waste of time. Most likely, the market will go sideways and neither side will "win". At the top of a market, the long term holders think they should only hold. At the bottom the traders think they should only trade. The bulls were killed a couple years ago buying the dips and at the bottom, the bears will be killed trying to short the rallies. TA

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