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Technology Stocks : The Learning Company (TLC)
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To: Trader Dave who wrote (5287)8/11/1998 5:35:00 PM
From: JOHNNY DOLLAR  Read Replies (2) of 6318
 
I think the market is still at very high levels. The current
correction is only a drop in the bucket of what could be coming.

I read books about the go-go era, nifty fifty, etc. It seems
that there are many stocks trading at 40-70 times earnings, today.
If these huge companies continue to grow at the levels that some
analysts claim, they will soon takeover the world. I am not throwing
any new money at the market. I am staying on the sidelines.

When all is said and done, not everyone is going to get rich via
the stock market. There will be some serious pain. When everyone
and their mother is throwing around money like is being done today,
it is time to take a step back. You may miss a small move up, but
there is serious downside risk. Similar things have been said for
years, but markets around the world(Asia, Russia) are getting killed
there has to be some spill-over to the U.S.
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