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To: pater tenebrarum who wrote (18159)3/16/2000 1:32:00 PM
From: clochard  Read Replies (1) | Respond to of 42523
 
As long as bubble boy keeps printing the market will stay afloat. He's been printing all week and will print all year if necessary, right up till election day. Liquidity is the only important factor here, everything else is just the Prozac-Clinton virtual reality fairy tale.



To: pater tenebrarum who wrote (18159)3/16/2000 1:39:00 PM
From: Tim McCormick  Read Replies (1) | Respond to of 42523
 
The point is-what is cheap for a value stock? Is cheap the point where dividend yields which are covered by free cash flow, can compete with corporate bond yields? If so, there are really very few cheap stocks. Why would ADM trade at 9 when 14 could be called cheap-the difference being 8 years worth of risk free return? 95% of stocks are priced on the greater fool theory.



To: pater tenebrarum who wrote (18159)3/16/2000 2:09:00 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 42523
 
I STILL say rotation is fastest.....

Just before everything goes down the crapper!