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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (42603)5/7/1998 6:49:00 PM
From: j g cordes  Read Replies (2) of 58727
 
Tom, Big Dog is a sharp guy and knows his stuff, especially in oil and related companies.. yet to reiterate the sense of "this time being different" in many sectors... here's from a few days ago.

"To: Big Dog (21164 )
From: j g cordes
Monday, May 4 1998 8:31AM ET
Reply # of 21665

"My feeling is we have embarked on a new era in financial matters. In this new order... In ten years we may say...remember the old days in 1998 when we thought a PE ratio of 100 was high?....stranger things have happened" (Big dog)

BD.. <g> thanks for raising the bar on optimism and speculation! While individual stocks will run extreme pe's in their formative and growth stages its seems implausible to me that money and opportunity will drive averages anywhere near that... but just in case I'll leave a few calls in the market.

The US market while having politics, demographics, invention and military power underpinning it, is not immune to its own valuations both relative and historical. Markets seek profits, they're not fair or benign one way entities, they can turn to devour themselves when internal opportunities to divest, short and exit outweigh external
opportunities.

Jim
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