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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (6101)	6/21/1999 11:33:00 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Wally: Abby - Re: "She believes stocks will continue to trade in a narrow range, with the S&P 500 trading between 1300 and 1350. In fact, Cohen says stocks are currently 5% overvalued. The only silver lining here is that the market should be able to hold its own even at this level. "This degree of overvaluation is not deemed to be significant; prior periods of overvaluation reached levels of 25% to 30%," she says." Now that sounds like the first step down a slippery slope. So we should only be concerned if the market is significantly overvalued now?