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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (5511)	9/1/1998 10:32:00 AM
From: JZGalt	Read Replies (2) \| Respond to of 18928

Tom, I heard an interesting comment on CNBC this morning. One prognosticator indicated that if you subtracted out the top 50 stocks from the S&P 500, the p/e ratio would be around 14. Now I own some of those top 50 stocks so I'll not be happy to see those go to p/e's of 14, but I think it illustrates the separation between the top tier stocks and the also rans. This market is making me queasy with these 100 point swings in 30 minute intervals, but I guess I shouldn't complain. It is still better than yesterday afternoon's fall off the cliff. ---- Dave

To: OldAIMGuy who wrote (5511)	9/3/1998 2:41:00 PM
From: Bruce A. Bowman	Respond to of 18928

Right you are, Tom. I'm already back at the drawing board looking at AIM candidates because I reached the same conclusion. In any case, a loss is a loss is a loss. It's never a "paper loss". Most of what I have is in the portfolio for the wrong reasons, but it's managed to make money because it was dragged along with a strong sector. Now it's time to decide if they're the right horses to ride back to civilization. It's difficult to make that sort of change, but I do understand that the difficulty is largely a psychological issue of not wanting to be "wrong". Wish I were more confident about this FA stuff... Bruce