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Technology Stocks : Cymer (CYMI)
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To: TideGlider who wrote (6493)10/25/1997 2:40:00 PM
From: Gary Hoyer  Read Replies (1) of 25960
 
<<offtopic>> VOLATILITY is probably here to stay. According to Vince Farrell, who was on Moneyline last night, 1995 had 5 trading days where the DOW moved (closed?) 1% or more, this year it's 33%!
He does not see these large up and down days getting any less. He says its becuase we are still above the overall market P/E of 17-18.5. Don't know about that but I agree with him on the volatility.

Is anyone else impressed when this guy speaks? I've seen him twice now and he just seems to speak with such authority and intelligence. He really likes IBM at these prices for what it's worth.

Gary.
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