Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Challo Jeregy who wrote (21921)	5/13/1998 12:28:00 PM
From: Broken_Clock	Read Replies (5) of 95453

Challo...I don't really understand P & F. Jan is the She Bear<g>... FWIW, I don't get cable TV so my "news" comfrom here or public TV(NBR basically). It seems that the analysts of a TA type on NBR lately are pretty much in agreement that valuations are way too high in the DOW and the NAZ. Last night, when asked very specifically about thse questions, the guest said things like: Q: "Are you a buyer at these levels?" A: "I am a fund manager. I am paid to be invested in equities." Q: "What about the valuations?" A: "Valuations are very high. It is unsettling." Q: " is down 15% from the high. Are you a buyer or seller at these levels?" A: ....long uneasy pause..."Holder." My interpretation is that these levels are unsustainable. He made many other comments that led ieve that he wouldn't invest his own money at these valuations. He was not referring to the osx but the leaders of the DOW and NAZ....

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