Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LPS5 who wrote (39434)	10/10/2003 10:31:26 AM
From: TobagoJack	Read Replies (2) of 74559

LPS5, <<facts ... truth>> ditto what KastelCo said. (a) The facts are the markets are up, for all the wrong reasons, and so the truth is the markets will fall, hard and deep. (b) The fact is S&P is going for 20-35 x various earnings, and the truth is the S&P is too expensive, however measured (c) The fact is Yahoo has the same market cap as General Motors, the truth is GM is expensive, will fall, and Yahoo will fall much more :0) Chugs, Jay

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