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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (9747)	11/15/1997 6:22:00 AM
From: Jack Clarke	Read Replies (1) \| Respond to of 94695

Carl: To continue the Investor Vs Speculator discussion, there was an interesting discussion in Barron's a few weeks ago, wherein the author compared the current stock market to "Collectibles". In my opinion, with the price to book of 5 on the S&P, this analogy was on the mark: He said that stocks were now like baseball cards. You can buy one for a thousand dollars and anticipate selling it next year for two thousand, but you have to remember, it's still just a piece of cardboard with printing on it. Jack