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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (25969)2/12/1998 12:43:00 PM
From: Bipin Prasad  Read Replies (1) | Respond to of 132070
 
Thanks Mike!

I should keep him on guest list. -g- So I can learn about
municipal bonds from him.

Bipin says Hi!

regards,

BPP(Bipin's partner)



To: Knighty Tin who wrote (25969)2/12/1998 1:04:00 PM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
Mike, could you please tell me the difference between a stock and a bond-g- On one of the gold threads someone quoted Bob Rubin saying the IMF could not sell their and be credible. I'm paraphrasing but that was the gist of it. Mike



To: Knighty Tin who wrote (25969)2/12/1998 6:39:00 PM
From: kahunabear  Read Replies (3) | Respond to of 132070
 
MB and All,

IMHO, today I saw one of the most ridiculous examples of hyping this market that I have heard yet. There was a report today that was actually touting how incredibly underpriced many industry groups are when compared relative to the the S&P. Did anyone else see it ? I here talk about stocks selling under a market multiple all the time, but this seemed to take it to a new level. The impression it left was that many stocks are incredibly cheap.

The logic went something like this.

If tulip bulb A is selling for $1000, then B selling for $500 is way undervalued because it sold for $10 back when A was selling for $5.

Of course, they didn't say it that way. They just showed the huge percentages that stocks are undervalued by. I wonder if they used forward PEs in their calculations ? <g>

WS