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To: Bald Eagle who wrote (7496)	2/12/1998 7:33:00 AM
From: PaulM	Read Replies (2) \| Respond to of 116984

Indonesia Riots biz.yahoo.com

To: Bald Eagle who wrote (7496)	2/12/1998 12:39:00 PM
From: Mark Bartlett	Read Replies (2) \| Respond to of 116984

Wiseowl, <,A low P/E is not always good. Look at the disk drive makers. I bought some APM late last year based partly on a low P/E. I bought at 35, the stock is now trading at about 12. >> Of course you will always find exceptions to the rule .... but I think it makes more sense to look at the "big picture" and with an historical context. At the moment the DOW is trading with PE's that are nuts. Some stocks have PE's that are truly out of sight (eg, AOL) ..... if one is to "make sense" of the market, IMVHO I think one has to look at it from the an historical perspective as well as a the present moment. It appears the DOW is banging its head again - down as I write this. Who knows where we will go .... but I'm betting that there is much more downside to the DOW than upside. All the best, MB