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Technology Stocks : Lucent Technologies (LU)

LU 2.480

-0.4%

10:44 AM EST

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To: RetiredNow who wrote (2030)	4/4/1998 12:34:00 PM
From: Jacques Tootight	Read Replies (4) of 21876

<I still think they are both overvalued> I think the whole notion of "overvalued" is overvalued today. I challenge you to find find something thats NOT overvalued right now using the traditional measurements for value. I'll bet chances are pretty good they will be companies not many of us are interested in buying. I own 11 stocks right now and follow a dozen others. Almost without exception people on the msg boards that follow them are screaming "overvalued". And you know what, they've been saying it for three or four years now. We are simply going to have to adjust our concept of value. This bull is just NOT going to stop running. In spite of the chicken littles out there the sky is NOT going to fall. Sure we'll see some pull backs like last fall but unless World War III breaks out they won't last long. If Slick Willie and the Far East couldn't make the market crash nothing short of a major war will. Am I bullish, you bet your sweet bippie. As long as this economy is left alone to perform the way it has we'll be just fine. Money is pouring into the market and its not going to stop. Why? 1. More and more companies are getting out of the pension business and turning their retirement plans into 401k plans. New ones are starting all the time in small companies. Most only have mutual funds to choose from. 2. An army of baby boomers like me are figuring out we don't have enough money saved for that veranda in the sun and are saving very aggressively. 3. Generation X feels they have no hope to see a nickel from Social Security and are saving like no other twentysomething generation before them. 4. Money from troubled economies is coming into the country looking for a safe haven. Where is all this money going to go? The money managers have to put it somewhere and most of it will keep going into the market because they know they'll catch a bunch of flack for keeping too much cash or buying too many bonds. Sorry I rambled on too long, I'm just getting a little tired of hearing about overvaluation. Everthing is overvalued in the traditional sense, but its a dead tradition and new times. Everybody don't worry, be happy. RC

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