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Politics : Ask Michael Burke

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To: Mama Bear who wrote (57707)	4/27/1999 8:13:00 PM
From: Giordano Bruno	Read Replies (2) of 132070

The stock market should go higher because: • "Prosperity is almost certain to continue," opined Business Week. • Fortune chimed in, "It's hard to imagine a combination of circumstances that would entirely undo the good work of the past few years, which halved the inflation rate." • Analyst Robert Wade said, "Disney typifies what a growth stock should be. It has a unique image and franchise. It makes people happy." These words were written in December 1972 on the eve of a 20-month, 44% smash in the Dow. They could just as easily have been written today. In 1972 the S&P 500's P/E was a piddling 18.4 vs. 36 now. Excuse me Ms. Bear, I'm hoping you might help me with a question. I own a small cap value stock. ( I assume it's value due to the lack of appreciation ) This stock just sits there most of the day then experiences a slew of buys or sales. Do some brokers bundle executions or something like that? Thanks for your time, Jim

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