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

To: Knighty Tin who wrote (72732)	1/3/2000 7:20:00 PM
From: Freedom Fighter	Read Replies (3) \| Respond to of 132070

The Abby Update Mike, I just wanted to give you the "Abby Update". In this week's Barron's Abby Joseph Cohen is quoted as saying that stocks are roughly fairly valued right now and should climb in line with profit growth. She says they were undervalued going into last year. Gee, isn't that exactly what she said at the end of 1996, 97, and 98? In fact, I clearly remember her saying at the end of 1996 that stocks did so well that year because they were undervalued at the end of 1995, but they were fairly valued at the end of 1996. So let's see. End of 1996 S&P500 - 740.74 Reported Earnings - 38.73 Operating Earnings - 40.63 30 Year Treasury - 6.55% Current S&P500 - 1450 Reported Earnings - 43.96 Operating Earnings - 49.38 30 Year Treasury - 6.59% Do you see anything I don't see? Wayne