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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Alex MG who wrote (15019)	11/7/2002 11:30:50 AM
From: Gamma Positive	Respond to of 19219

Bill Gross on valuation: "What a Fool Believes" This is a must read by everyone, even if a bit bond biased. To quote an excerpt: "To be brief and concise as opposed to gross and verbose let me stagger you with this one simple revelation. Instead of the nearly $42 per share of operating earnings that S&P companies reported as of 6/02, Standard & Poor's estimates that "Core Earnings" - a polite term for "real" earnings, were only $18.48. Put that 50x PE in your value pipe and smoke it." pimco.com