To: DebtBomb who wrote (642 ) 3/17/2002 1:39:21 PM From: Dave Gore Read Replies (1) | Respond to of 2077 Dale, thanks but I had to laugh at the melodrama. "RUN FOR YOUR LIVES!", that the article mentioned. Again, this is yet another melodramatic article that makes some sense, but does not necessarily fortell what will happen. When is the last time the market really acted logically for any length of time? ONE LITTLE EXAMPLE: Please tell me why if PE's are so important that biotechs or even tech stocks have prices as high as $20-40 a share with no earnings in sight for 2002 or even 2005, while stocks like MIR had a PE of 4+ a couple months ago and WM has a PE of 10 even though they are growing at 20%+ a year? If the Market goes down for any reason it probably will be something like traders will get worried that the Feds will tighten, as if a 1/4 point hike in 3-6 months is going to totally derail the economy of the U.S. If anything will cause a selloff, something like that will probably be the catalyst. After all, the Market OVER-DRAMATIZES EVERYTHING! Sure, we have some serious overvaluation in some stocks, but does that mean that there are NO stocks that are undervalued? Again, most articles are too general. Too black and white because that's what "Sells". There are always place to invest, like that bread company whose stocks went up 400 or 600% or something in the last 2 years (Panara, was it?)SOME POSITIVES STILL EXIST I still say the consumer has lots of 401K money to invest in Funds as the rules are allowing more to be put in, some re-financing is still going on (with equity being pulled out), job unemployments is still low, sales and rebates are in place like never before to attract the consumer, and CD's offer no enticement to take money out of the Market. Run for your life? Hardly! I say just be prudent and take advantage of opportunities long or short when they crop up.