To: Joan Osland Graffius who wrote (130267 ) 10/19/2001 1:18:36 PM From: patron_anejo_por_favor Respond to ROTFL! That guy is da BOMB!marketwatch.com "On this scale we're now a tad cheaper than before Black Monday in 1929, but I don't think that's the tag line Abby Cohen and Ed Kerschner want to use to tout stocks," he says, referring to two of the most bullish Wall Street strategists. "Can you imagine yelling, 'Buy, buy, we're slightly cheaper than right before the crash of '29.' Nope, excluding the 1998-2000 bubble, and the period right before October of 1929, we still have the most expensive stock market in recorded history." Not long ago, at the height of the market bubble 19 months ago, he noted, "If I hear one more person refer to buying a 200 P/E stock, that is up 200 percent in the last year but is down 5 percent from its closing high two days ago, as 'bargain hunting,' I might have to start doing some hunting of my own."
