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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (69414)	10/22/1999 10:23:00 AM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

Wayne, One of the great jokes of manic bubbles is that the bulls always adjust the valuation models to meet the price levels. <g> Totally sophomoric reasoning. And it begs the question: why do the valuations stay high when the "certain" eps growth stops? The only answer is that the buyers don't have a clue. Again, another reason why Mike Murphy earned a negative 8% on his money in last year's bull market. <g> And why Merrill only employs those "analysts" who can figure out a way to sucker dummies into banking deals.