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To: MythMan who wrote (9993)	10/30/1998 5:06:00 PM
From: yard_man	Read Replies (2) of 86076

My point was this: Right now there is not a lot of trash that is flying high, excluding the internets. Many of the better companies making up the indices are the overvalued stocks now? Others are probably overvalued too, but not to the same extent given what we expect in the next 3 - 6 months. You buy puts on an IBM or short CSCO because you think they have room to fall -- If there were enough high-flying junk (oops forgot POS) floating around you would take easy pickings. Until some of this other stuff rallies -- it's the same narrow rally we've been talking about. I don't care in the RUT got a little bump -- it won't be setting new highs. Where's the value line index, lately? quote.yahoo.com^VLIC&d=t Still down about 20%?

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