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To: SecularBull who wrote (83181)	3/20/2001 10:01:15 PM
From: marginmike	Read Replies (1) \| Respond to of 436258

I didnt mean historic high. I meant a historicly high. Its trading at 2X its usially historic P/s

To: SecularBull who wrote (83181)	3/20/2001 10:13:15 PM
From: marginmike	Read Replies (2) \| Respond to of 436258

Listen MR "I got brainwashed by David FABER market analysis" The S&P is trading at its historic FAIR value which is about 20-25PE. For it to be a HUGE SALE it would need to be at arround 1/2 of that. The market is probably arround fair value, excluding the NAZ which is still 20% overvalued by historic measures. Not to mention that the "E" in PE is droping like the Portfolio's on the Porch. What dont you understand about realitive value? Is GE worth 2X PEG? IS Dell anything more then a fancy Television manufacturer in a few years. There are values out there but most are stocks you wouldnt even look at. Anybody who for the last year thinks DELL is a buy and hold obviously hasnt a clue. Face it you got lucky in 99, you thought you were smart. You were wrong. Deal with it. Now go get a job and produce something for society. Just kiding Have a great CLOWNYDAY!