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To: stockman_scott who wrote (6537)3/1/2002 2:53:27 PM
From: Sig  Read Replies (1) | Respond to of 13815
 
Try to control yourself Scott<g>
The bears are in total control of this market. They needed this uppage to maintain
the value of the trading shares they hold. The Naz has set 5 lower highs, and three lower lows.
True, we wont go down in the same manner as Japan. It will be different- maybe even hold together in some way.
But the weeding out of the BS artists that came into vogue via IPO's is just getting started. They lack any useful knowledge of what to do in a downturn like this-except produce more hot air.Half the Naz stocks may disappear, (should disappear) but will usually manage to struggle along until they get kicked off the Naz or go bankrupt.
The market today demands a record of delivering proven performance and value-Dell, Walmart, Msft
I'm out of Dell, for many reasons, but a main one is the P/E of 55. 55 years for earnings to equal the price of the stock? I don't have that much time to wait. There are dividend paying stocks with P/E of 8. But I'm not interested in those either, because their 5 year performance is minimal.
Regards
Sig