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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Peter Singleton who wrote (52619)	3/19/1999 1:16:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Peter, I agree with the analysis that markets do not revert to fair value. The market is almost never fairly valued. It is almost always way overvalued or way undervalued. That is why I say my model has fair value under 5000 on the Dow, but I doubt it will stop there in a down move. And, at the negative bottom, we get just as many eggheads telling us why it is really fair value or even overpriced as we have knuckle draggers telling us today that this market isn't really overpriced. They come out of the walls like cockroaches. <g>