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

To: valueminded who wrote (82353)	7/17/2000 10:41:51 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Chris, I have some historic low PE ratios for the S&P 500 1932 -8.9 ; 1942 -7.4 ; 1974- 7.0 ; 1978- 7.0 ; 1982- 7.6 as you can see a decline of 70% +/- for the S&P 500 would bring the S&P 500 down to the lower valuation limits hit many times this century. In addition, we must remember the impact of recessions on earnings. In the early 1990's recession S&P earnings declined 30% from their cyclical peak . We must also realize that the quality of earnings is the poorest in history ( IMO) due to the esop accounting scam - see Andrew Simthers study in Forbes some time ago. There are many other misleading accounting practices as well. mike HO HO HO

To: valueminded who wrote (82353)	7/17/2000 12:46:20 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Chris, I like CA for the long haul, but would like to get it about $5 cheaper. Synopsis was one of my big long winners at the the bounce off the bottom of the bear market, and I have a warm spot in my heart for them. I do think that both Synopsis and Thomas and Betts have to be concerned about the inventories that are growing rapidly in the firms they sell to. Since there is little in the way of sales growth to final customers, that is a bad sign. Genuine Parts is fine right now. UCL is an under $30 stock, IMHO. The 4600 is a SWAG based upon how much money the morons have vs. how much it takes to move this market elephant. It is a joke that Greenspan has been tightening. He is still loose as a goose.