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To: pater tenebrarum who wrote (67221)	10/7/1999 4:19:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 86076

heinz, >but it's a very laborious process compared to just buying whatever has either no earnings or a p/e north of 200... Yes, If we assume this market has started a "bear" market we need to get out our old indicators on how this works. It has been a long time. I dusted off my data on how to evaluate this kind of environment. I am now waiting to see how far these stocks will move before rolling over. IMO, some of them could have double tops, and I am not getting involved in the stocks that have a PE's of 2000 or more at this point in time. I am just playing with the nuclear winter folks. <ggg> Joan