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To: robert b furman who wrote (6763)4/2/2001 9:47:33 PM
From: bobby beara  Read Replies (1) | Respond to of 8925
 
Hope you are not short GE.>>>>

bobby, maybe you should be short ge, p/e ratio is way far from a bear market low.

day in, day out in 99 internet ipo's opened up at valuations that rivaled small european or asian countries, berkshire's munger called it never before seen in capitalism, if that is yin of the bull market from the 1974 lows, the yang side is that most companies will be valued at below book value and at traditional bear market p/e ratios.

stockcharts.com[l,a]wallyymy[pb50!b200][vc60][iUb14!La12,26,9]

While the nasdaq was blowing off, ibm was doing a triangle for 99-00, did a bull trap move out of the triangle out of the sept top and now has rallied back into the fulcrum of the triangle and rolled over., aol has similar pattern, only because they were smart enuf to buy time-warner, using their funny muny to buy something real.

in normal bull markets the channel from 93 might be called a parabolic rise, but in this market you could see a stock like cmgi do that in a year.

stockcharts.com[l,a]daclyymy[de][pb50!b200!a42.5][vc60][iUb14!La12,26,9]

ge has rallied into a breakdown point of H&S top, dow has rallied into psyche 10000,

market is dangerous to be long imho