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To: sandeep who wrote (18784)	11/1/2001 1:56:35 AM
From: Shack	Read Replies (1) \| Respond to of 209892

Sandeep, I am not going to argue your point. Suffice it to say that I disagree with parts of it and have no opinion on others. However your opinions as they are presented reminds me once again how bulls seem to mix up bears with those that are looking/hoping for societal armaggedon. This connection has never worked for me as I am a happy optimistic person who feels the BEST the market will do for many years is a long sideways (and trust me, I am praying that is what happens versus my alternative.) Ignore reality at your own peril. And whatever you think, this is not normal: stockcharts.com[w,a]daclyimy[dc][pb10!b20!b50!b200][vc60][iUc20!La12,26,9!Lf!Lh4,3]

To: sandeep who wrote (18784)	11/1/2001 2:43:09 AM
From: velociraptor_	Respond to of 209892

Market undervalued? By what standards? Fair value on the indexes are 300 for the Nasdaq, 500 for the S&P, and about 5000 for the DOW at best and the value is falling with the constantly declining earnings outlook. Things continue to get worse, not better. While I don't expect these low values exactly, this market is very far from undervalued.