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To: Wyätt Gwyön who wrote (3314)	2/21/2000 8:11:00 PM
From: steve mamus	Read Replies (1) \| Respond to of 8096

I think that most of these stocks deserve to be trashed. GE - a joke; fair value down another 20-30%; real growth per Barrons article about 2 months ago about 7% when one factors out inflated growth rate of earnings juiced by return on investments and not core business. Correlation of GE with S and P 500 reportedly 99.7% if that is the case we have a way to go. Billions lost from investment in the tobacco companies - as a medical oncologist I think that is just great. I hope the losses have just started. How can one possibly get excited about retail stock - JC Penney just doesn't do it for me. The financials - give me a break - I have been hearing the rallying cry of the financials for 12 months now and they are going down. Until this past week there was analyst after analyst on TV - buy the financials - this reminds me so much of analysts who suggested buying the market in Japan 3 years too early - esp from ML - eventually by defying the laws of probability they finally have to get it right. What we are seeing is creative destruction and birth of a new economy. The analysts who get on CNBC and continue to bemoan the poor fundamentals of the market and the disparity between the NASDAQ and the non-tech stocks are mental midgets. There should be a divergence - this is simply a reflection of the reality that "its technology stupid". These comments are not directed towards anyone on this or any other board. It is simply that I am so tired of the stupidity of some of the analysts on TV with some of the regulars on CNBC being on top of that list of irrational analysts IMHO. Ahhh...I feel better now. I will be more restrained in the future. DoK