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To: LoLoLoLita who wrote (7765)3/3/1998 5:55:00 PM
From: Michael Collings  Read Replies (2) | Respond to of 27307
 
<<But look at the RMBS chart and see what can happen.>>

But David, you don't seem to understand the situation here. In this market now, valuations simply don't matter. All you have to do is throw your money at a stock and voila! You really shouldn't complicate the process by evaluating earnings reports and balance sheets. Besides you are just wasting time and time is money in the bank! The economy is strong, interest rates are low... that's all you need to know!

Asian contagion? Just figments in the imagination of the bears! Potential liquidity crisis? Better to have the cash working for you in the market. What happened in Japan can't happen here.... for Christ sakes ..... this is America! We don't need to worry about our dollar, it will remain strong. It has to, we do all the shopping! Buffet was a fool to buy all that silver.

My humble message is Buy! Buy! Buy! especially a stock like YHOO. It's going to continue to squeeze all the shorts right to $100 or higher. There's no reason to not discount earnings out further; 6 or 7 years isn't much longer than 5 years! This is a long termer!