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To: yard_man who wrote (95360)4/17/2001 3:47:19 PM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
f*ck...

i am covering some



To: yard_man who wrote (95360)4/17/2001 3:59:10 PM
From: Andrew G.  Read Replies (1) | Respond to of 436258
 
Lucretius: remember this wkd when I said both you and Bill Meehan were both right?

It still applies.

He's right that the Street perception/sentiment is that stocks are cheap ('chart huggers perspective)

You were right in that stocks are not cheap (because you are putting things into context of fundamentals).

For now at least, sentiment wins out because fundamentals are not dictating the market direction.
You blew it off when I pointed it out to you earlier.

Maybe you felt it's a naive perspective but this market system is not run on brainpower.