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To: David Lawrence who wrote (1898)10/27/1998 5:50:00 PM
From: still learning  Respond to of 4467
 
CMPC won't bring the premium CCSC did. CATP maybe, but who's buying" Anderson? I don't think IBM. Maybe CSC or CA.



To: David Lawrence who wrote (1898)10/27/1998 7:47:00 PM
From: John Arnopp  Read Replies (1) | Respond to of 4467
 
* OFF TOPIC - sort of *

Just reading Burton Malkiel's "A Random Walk Down Wall Street" and this quotation should interest many here:

"...Even if prosperity had continued into the 1930s, stock prices could never have sustained their advance of the late 1920s.
In addition, the anomolous behavior of closed-end investment company shares... provides clinching evidence of wide-scale stock-market irrationality during the 1920s. The 'fundamental' value of these closed-end funds consists of the market value of the securities they hold. In most periods since 1930, these funds have sold at discounts of about 20 percent from their asset values. From January to August 1929, however, the typical closed-end fund sold at a premium of 50 percent...."

Anyway, we're only at 33% <g> (Hey, David, I really like that "g" thing.)