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Pastimes : EXSO-holics

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Mar 7 3:00 PM EST

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To: Ditchdigger who wrote (771)	10/21/1998 6:38:00 AM
From: Ditchdigger	Read Replies (1) of 1568

Does beating lowered expectations/earnings estimates justify PE ratio's of 50-60 times earnings? Combine this with a slowing economy...and something has to give,IMO. Was the interest rate cut(s) worth a 1000pt climb in the DOW?///food for thought..;^)DD PS: I'll be honest, looking for a -200pt day here in the near future...when the sell signal hits, it will be fast and furious. Money managers will want to retain the gains made recently,it's bonus time (and job security)IMO... bah humbug....<vbg> [ I have to believe that much of the tax related selling is done,probably spread out through the decline from mid July..just my opinion though<lol> for what that's worth<g>]

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