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To: nolimitz who wrote (148711)	12/8/1999 12:18:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Nolimitz, The issue isn't how high the Dow goes -- the issue is how much an "investor" is willing to pay for $1 of cash flow. The fact that you're trading the momos should tell you something -- you are afraid of the the implosion because you know that those stocks aren't supported by fundamentals, but you figure that you're smarter than the next guy. And that is the classic definition of the the greater fool theory. Just one example of insanity -- QCOM is trading at over 3,000 x ttm cash flow. Now take a look at a raft of companies like AMZN that have no operating cash flow. TTFN, CTC