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

To: mishedlo who wrote (88066)	1/7/2001 7:23:18 PM
From: starhawke	Read Replies (1) \| Respond to of 132070

Re: "Can you explain to me why a company with 15% annual growth projection should carry more than a PE of 30 tops." - I'm not wearing greasepaint, a rainbow wig, a big red nose, or huge floppy shoes, so Fu@k No I can't explain such clownish behavior. <g> There are hundreds or thousands of companies with numbers very similar to or much worse* than the numbers you stated, many with 'earnings' that are not earnings, and yet there they sit with ludicrous multiples. Still. Re: "rational valuation" - Cripes. 'Rational Valuation' belongs on a milk carton. For most stocks it hasn't been seen for years. Too much money, too few IQ points. Too much debt, too few assets. Too many "projected earnings" fantasies, not enough reality. Methinks hellfire cometh to the entire stock market and later - real estate, not just the NASDAQ which deserved it the most. Whether it be a slow killing grind down, a sharp '29-style dive, or a hybridization, it's coming. The only way to postpone it is to massively inflate the dollar. Of course, 'me have thinked' this with increasing fervor for about 2 years. Small <g> Re: "Tell me why KO puts should not profit?" - You may want to re-read my previous post. I've stated that I thought KO was going down, and have already put my money where my mouth is by owning KO puts. So what's with the odd preaching to the choir? Re: "Is more money going to flow out of the Naz into "safe" old economy stocks?" - Yes. But it won't help. Much. S PS. *In the interest of full disclosure: I am currently wearing size 19 shoes, which are two sizes too large. Seriously. Because they were cheap, comfortable and I'm knocking around an almost empty workplace on Sunday.