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To: yard_man who wrote (199214)	10/22/2002 11:26:28 AM
From: zonder	Read Replies (3) \| Respond to of 436258

Re: run-up in IBM is just plain ignorant given EDS IBM fell because of EDS, but rose after its own financial statements showed clearly that they were doing far better than EDS. Besides, at 15x P/E (and other measures), IBM is far from expensively priced. Can't tell you how the technical analysis looks, but I wouldn't sell IBM just by looking at fundamentals.

To: yard_man who wrote (199214)	10/22/2002 11:29:49 AM
From: ild	Read Replies (2) \| Respond to of 436258

Bonds keep tanking finance.yahoo.com^TNX&d=c&t=5d&l=on&z=b&q=l

To: yard_man who wrote (199214)	10/22/2002 11:44:52 AM
From: Earlie	Read Replies (2) \| Respond to of 436258

Tip: < be careful> I always try to do that. (g) My read on the current scene is perhaps a bit different than most. I think this current rally is getting out there in the thin branches (which I like). Everybody thinks the powers-that-be will keep this market buoyed until after the election, but curiously enough, the Fed is NOT shoving big bucks into the system as has been the case up until a few weeks ago. Yes, there is serious dough moving from bonds to stocks, but there is also serious dough leaving mutuals. I also suspect that investors are starting to become a little less prone to marrying positions. Not much hard evidence of this, but anecdotally, a more cautious participation seems to be in the air. If this proves to be accurate, any decent downward thump should witness a fairly dramatic stampede for the exits. I will watch for evidence of this when we get some "down". In September, a large percentage of the investing public talked openly about a probable crunch in October. Markets rarely do what most folk expect. Personally, I believe that the market would wreak maximum damage if it took a real slide in late November/early December,.... when everybody is sliding into the "Christmas rally" mood. We shall see. Meantime, I have a few relatively small (and underwater) positions and a decent amount of dry powder. I will now wait for the market to let us know when to pull out the six guns. Best, Earlie