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To: Challo Jeregy who wrote (21921)	5/13/1998 12:16:00 PM
From: bw	Respond to of 95453

Ok Folks...The reason for the other thread was not an attempt to form a "bear alliance" at all. We started the other thread as a place where we could share ideas, not necessarily oil related. Feel free to post over there anytime....We are all there for different reasons, but trust the sincerity and experience of the others. It wasn't created as a substitute for the Strictly Board...but as a supplement. I don't think that there is a big rift that has developed here, but agree that sometimes it might be easier to not feel the need to debate ideas and defend positions that have already been previously covered. There is too much knowledge and goodwill here on the "main" board to not take part. Thanks to all for their great posts.. We're all in the same boat [or rig] !! So back to Jerry Springer <g>... Subject 20665

To: Challo Jeregy who wrote (21921)	5/13/1998 12:28:00 PM
From: Broken_Clock	Read Replies (5) \| Respond to of 95453

Challo...I don't really understand P & F. Jan is the She Bear<g>... FWIW, I don't get cable TV so my "news" comfrom here or public TV(NBR basically). It seems that the analysts of a TA type on NBR lately are pretty much in agreement that valuations are way too high in the DOW and the NAZ. Last night, when asked very specifically about thse questions, the guest said things like: Q: "Are you a buyer at these levels?" A: "I am a fund manager. I am paid to be invested in equities." Q: "What about the valuations?" A: "Valuations are very high. It is unsettling." Q: " is down 15% from the high. Are you a buyer or seller at these levels?" A: ....long uneasy pause..."Holder." My interpretation is that these levels are unsustainable. He made many other comments that led ieve that he wouldn't invest his own money at these valuations. He was not referring to the osx but the leaders of the DOW and NAZ....