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To: LLCF who wrote (30328)	10/22/2000 11:56:53 AM
From: re3	Respond to of 436258

apparently the ratio of the # of ounces of gold needed to buy the s / p 500 index level peaked in july 1999 at 5.57 ounces... thought you'd wanna know !

To: LLCF who wrote (30328)	10/22/2000 12:09:07 PM
From: maceng2	Read Replies (2) \| Respond to of 436258

DAK, Interesting charts shown by Allan. The INTC chart certainly has be worried, for various reasons I can easily see it plunging further. Always wondered who Allan meant by "smelly"... I think I have it now. Smelly = SOX. (OK I'm a little dim at times -g-) Regarding that, I just have to answer the following questions... (i) Do the companies that make up the SOX make money? (ii) Are they making increasing profits? (iii) Is there a fundamental case to say..yes the SOX represents a high percentage of the overall economy? (iv) The business case for the companies on the SOX looks good? NOW, if the answer to any of those questions is a NO, I believe we are headed lower. Probably much lower. Otherwise, we may indeed see da_cheifs "recognition wave" talked about earlier IMHO. rgds, pearly.