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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (9506)	11/26/1997 12:02:00 PM
From: Cynic 2005	Respond to of 18056

Sam, not surprising that my idea is not popular with you since the market seems to justify your position as of now. However, regardless of what the market tells me, I do not believe that the market is undervalued as you seem to imply. I do not believe KO is a bargain at 64, Intel at 75 or AMAT at 33, let alone at 74, 100 and 53, respectively. Even after the most optimistic expectations have been busted on some of the stocks, people continued to bid the prices higher. Even after the uncontrolled optimism of yesterday was busted and even when things are calling for more caution, every uptick in the DOW brings in vocal bulls to raise voices telling how wrong the talk of the "bubble" is. I don't find fault with you or anyone for not seeing the bubble. After all, when everybody can see it, it is the remains of the former bubble. -Mohan