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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (245613)	6/14/2003 12:20:14 PM
From: Lucretius	Respond to of 436258

time to buy some poots....

To: ild who wrote (245613)	6/14/2003 4:45:39 PM
From: Knighty Tin	Respond to of 436258

ild, Gee, I like Andy Bary and he never misquoted me one time in the dozen or so interviews I did with him when he was with The Wall Street Transcript. But he is so wrong. First, valuing stocks on year ahead eps is non-sensical. Especially on operating instead of reported eps. The S&P index is at 36 times reported trailing 12 eps and about 42 times S&P's "Core EPS." The Naz 100 is at 273 times eps. Better get a lot of growth buying into that. Then, there is his concept of everything else being bonds. Let's see, are US stocks cheaper than stocks in most other countries? No way. Plus, those countries have better currencies. Are stocks a better deal than silver, near its annual low despite a tumbling dollar? Or even, dare I say it, gold? Gold sucks, but stocks suck more. And need I even mention live hogs? I may buy Andy a contract and mark it for home delivery. <g>