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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: gregor who wrote (5482)	6/27/2000 10:20:00 PM
From: yard_man	Read Replies (1) \| Respond to of 5676

I think they are not good "investments" right now -- perhaps a good short term trade if you think a rebound for the market is in order? We've had a real long expansion -- anyone (commercial or individual) can get a loan. One whiff of economic trouble and the stocks will be hit hard -- even if the PEs are "low relative to the market" -- I would buy them after a few prominent ones announce real troubles and Greenspan's successor is called on to save them. Many of them are, of course, too big to fail. That's why I would buy them if real turmoil and darkness set in ... I know a fellow who bought a bunch of them when desert storm was in progress -- that was a good buy ...