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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ulrich who wrote (768)	1/13/2006 6:36:40 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Agreed, but i see it withstood several broker downgrades so far, we are not at a bubble valuation yet. I have no idea whether one is about to form though GOOG implies that it is possible where the stock market indices don't imply another bubble yet. I rather think we have another form of "nifty fifty" where most of the money is going into a relatively few number of stock: GOOG, AAPL, HANS (NTRI), RTZ, ... just to name a few. That of course is nothing for a value investor because that required to buy stock which are unloved (just like CNXT was not too long ago). Yet the (other peoples) money is going there and to date no signs of a reversal are in sight. (To be continued...)