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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: md1derful who wrote (6202)	4/23/2001 9:11:02 PM
From: Xianming Liu	Read Replies (1) \| Respond to of 6439

Doc: If market stablizes around the current level, there will be some chances for MO to reach lifetime highs. However, if market goes down, say, to 7000 for DJIA, all bets are off. In any case, the dividend yield of big MO will provide some real supports if the market indeed goes down. My personal observation is that the Street is still in love (or addicted to) tech stocks. Otherwise, how would one justify the current prices of CSCO, INTC, JDSU, PMCS and so on by their current, near term or even medium term fundamentals ? My guess is that it will take some time for people to overcome the addiction.