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Technology Stocks : Brightpoint - CELL -- Ignore unavailable to you. Want to Upgrade?

To: Richard Dustin Doyle who wrote (999)	9/30/1998 11:23:00 AM
From: JBruin	Read Replies (1) \| Respond to of 1999

Are you sure about the market being 100% different? I'll agree with you up to a point, the one area that I believe is similiar is the multiples on the blue chips. I may be mistaken but I think that you had stocks like MCD, KO, DEC (1973 only), XRX trading in the 55-80 PE range during the various bull markets between 1950-1973. In the mid-60's Chrysler split 2 for 1 twice in one year, United Aircraft did also (I think).

To: Richard Dustin Doyle who wrote (999)	10/1/1998 6:01:00 AM
From: Mahatmabenfoo	Respond to of 1999

> I see the value in "today's" market!!!! That's a very 1928 thing to say. The big Mantra immediately after the '29 crash was "the economy is fundamentally sound". So the crash shouldn't have meant much. Except for two things: - in '28 the economy was not sound. It started a nasty dip toward the end of the year and maybe there were some ugly underlying problems (too many bank loans secured by stocks); and - serious crashes can slow economies further, since lots of people having lost dough feel and are poorer, and raising money for legit business purposes gets much harder. and now in '98, the economy is doing well, but noticeably slowing, and there's a lot of worldwide serious economic problems to make us think we coudl be next. And the insane amount of leverage that hedge fund had (trillions!) -- that it has become "defrocked" suggests we are entering a time when illusions shatter, among them, the illusion that we are in a new era when stocks only can go up. But thanks for those PE figures. Isn't 20 the value line? Is your point that only CELL looks like a good buy? Or is your point that DELL's growth rate justifies it's nutty continuing rise in price? Hey, I own CELL and hope you're right! - Charles