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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Amir Shalit who wrote (96567)	7/7/2002 10:53:23 PM
From: Tommaso	Respond to of 132070

Don't be a bottom groper. Stay short or in cash.

To: Amir Shalit who wrote (96567)	7/7/2002 11:36:54 PM
From: Amir Shalit	Respond to of 132070

T, I didn't say "attractive" just reasonable. I fully agree that the credit bubble aftermath didn't play itself out fully. Financial institutions haven't paid any price yet; SOX is still at 400; Many 10% growers have a multiple of 25-30 and even Coke with flat eps over the last 5 years or so is trading at 40 times earnings. Amir

To: Amir Shalit who wrote (96567)	7/8/2002 9:07:03 AM
From: Knighty Tin	Respond to of 132070

Amir, Kind of. The $800 bill or so was lost mostly by pension funds and 401K investors. So, the bankers are ok on this score, but nobody gets to retire. I saw numbers on CNBS yesterday about all the pension funds mad at WorldCom because they owned so much. To be fair, they were diversified and only had 1-2% allocations to the stock. Unfortunately, they were diversified into Global Crossing, Tyco and Lucent. <g> This silliness about Merck, which could be considered positive (they understated their profit margins) may produce a buying opportunity in the dopers.