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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: waverider who wrote (5074)11/4/1998 2:21:00 PM
From: The Ox  Read Replies (2) | Respond to of 14427
 
Sold 90% of my ANIC. Up 20% in a day. Just being cautious. Putting the 10% away as a token investment in my local company.

I don't know why but I still don't trust this market. This is irrational exuberance at it's peak, IMO. S+P's P/E near 30 with growth next year expected to be around 18% at current estimates. What's wrong with this picture.

Gold up, oil up, semis up, banks up, transports up, everything up except GS commodity index...... wow!