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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (23230)	3/4/1999 12:36:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

I2, interesting comments, maybe it's time to stock up on chips, dip and the 'chick as CNBC will throw a memorable Dow 10K special.

To: Investor2 who wrote (23230)	3/4/1999 1:21:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 86076

Am I missing something??? There's no balance in this article, which technically is an SEC violation. Maybe you pulled just a selected portion of an article, or the writer is not registered? Well, anything's possible in this market. But the author starts, muddles and ends with the basic technical assumption that the market may go higher. Where is the word risk mentioned?? Not once were earnings mentioned, nor that companies had difficulties meeting Q4 earnings during an extraordinary period of low rates and 6.1% real growth. Also ignored was the danger that the Fed is no longer in an easing posture. Yet the author tantalizes the reader with the notion that Internet valuation, arguably an oxymoron, "could affect many or even most stocks all the way from GE at the top down to the smallest microcap at the bottom of the entire spectrum." Hogwash. Will all stocks be valued at 200 times earnings??? I gotta get some of what that guy is taking! Maybe earnings don't matter, or dividends, or the Fed or competition from higher bond yields or that crude is up a buck from last week. Shorts should be on the lookout for the scenario described. But I won't buy into it other on some sort of protected basis. And I don't dream of sugar plums and dancing fairies either. It's incredibly difficult to earn 30% year after year in any business. One should certainly consider the downside as equities expand on every previous valuation limit and remember that money doesn't grow on trees. One should also definitely consider the source of the information provided. Whoever wrote this biased article using terms such as "strong tendency", "extremely bullish", "soaring into the stratosphere", "mother of all rallies", "extra intense fuel"??? Reminds me of illicit land sales brochures and telemarketing ploys or Nigerian deposit and Russian coal scams. RISK....don't invest without considering it.