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To: jimsioi who wrote (18924)9/1/2003 2:04:03 AM
From: Little Joe  Read Replies (1) | Respond to of 39344
 
Jim:

The issues your raise are true for all indexes and stocks. Is GM of today what it was in the 50's or GE. Many of the stocks in averages have merged or disappeared on just been replaced with others. It is hard to know if you are comparing apples to apples over the long term, I sure agree with that. The point that I was making was that the longterm charts just don't look that overbought.

Little joe