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To: patron_anejo_por_favor who wrote (113994)	7/23/2001 12:56:41 PM
From: Dr. Jeff	Read Replies (1) \| Respond to of 436258

How about this part from that moron: <<<What about today's lofty multiples? Do they not dampen the bull case in the near term? The answer is "no" for the simple reason that there is no fundamental change on the inflation front that points to a long run deterioration in the value of financial assets - particularly equities. ............... ...................clip..................... .......History also supports the case for higher multiples during times of low and steady inflation. The 1960's, for example, routinely saw multiples in the upper teens and low twenties before the 1970's arrived and ushered in an era of massive inflation, stubborn recessions, as well as political and social unrest. >>>>

To: patron_anejo_por_favor who wrote (113994)	7/23/2001 1:08:25 PM
From: Lucretius	Respond to of 436258

what a complete moron these guys all guide lower so they can step over the bar for a qtr and then now they've had to warn again. trough for earnings?? WHERE??? First Call has indicated that the pace of warnings for the current quarter is faster than that seen for both Q1 and Q2. its completely ridiculous to point to the fact that some clowns beat "expectations" and claim that's a sign of things improving...