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To: TheBigB who wrote (7740)3/2/1998 7:10:00 PM
From: Michael Collings  Respond to of 27307
 
<< Again : This stock is not about fundamentals.>>

BigB....... the whole market is not about fundamentals.... from this mornings WSJ, the pe ratio on the S&P 500 is now 26.07, higher than any time in history! Everyone is just throwing money at this market because they think there is no other place to put cash.

There will come a point when all of a sudden there will be a huge liquidity crisis here (just like in Japan). Until then, it will continue to be the greater fool theory..... a game of musical chairs.