SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Roger's 1998 Short Picks

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: blast_investor who wrote (18078)4/16/1999 2:24:00 PM
From: Dan Woodbury  Read Replies (2) of 18691
 
What about the cyclicals. Chevron is now trading near $100 with a PE of 45! Caterpillar has rallied 25% to $63 despite reporting profits 40% lower than last year and indicating that Q2 won't be much better. Both of these stocks are at 52 week highs despite all indications that business is worse this year than last! It seems to me that fund managers are bidding up "value" stocks for the sole reason that everything else is so vastly overvalued. Any thoughts?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext