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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (1308)10/7/2003 2:34:54 PM
From: Silver Super Bull  Read Replies (1) of 110194
 
Russ,

RE: "The only difference is that they now go for 5x sales and have less cash on hand than a year ago."

Yes, I think that scenario has been rampant among the tech stocks, especially the garbage. One that I know very, very well has gone from 1.15 in February to around 9-10. No positive fundamental changes that I have seen, and it was overvalued at 1.15.

I've been meaning to ask you, with your decades of investment experience...when do you think the last bear market in U.S. stocks occurred? Other than this one, of course. My point is that if one were to answer 1973-1974, that is a very long time ago, and most likely long forgotten by even the people who lived through it.

DB
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