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Strategies & Market Trends : Value Investing

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To: Shane M who wrote (5259)	11/9/1998 3:10:00 PM
From: MCsweet	Read Replies (1) of 78817

Speculative bubble? The article fame.org is dated March 1997. Equities are up substantially from that time. Greenspan has done an excellent job managing interest rates. With interest rates so low, equities deserve a higher PE. Stocks are still probably overvalued, but there are lots of undervalued smallcap stocks around. By buying value stocks (staying away from Internet stocks!) and holding for a long time horizon, I do not think we have that much to worry about. MC

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