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

To: EPS who wrote (2177)	4/20/1999 6:48:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 3813

what fundamentals has he been wrong on? he said pc rev growth was slowing and, voila, it is! he says it is a mugs game to pay high pes at the top of the cycle, voila, it is. he said in 1997 that the s&p wouldn't grow near 20% in 1998 the way the stock pimps said it would - and it didn't. he hasn't been right on everything, but, in gen'l he is right on fundamentals. are you somebody who can't differentiate between stock prices and fundamentals? he has been wrong stock prices, in gen'l. understand a mania? only those who aren't rational understand the irrational. this explains why you think the market is now rational. btw, do you know what level the dow would be now to equate to the valuation top of 1929? no, you don't. and you don't care. valuation doesn't matter. people will always buy stocks. why ask why? drink bud dry. the odds are against your keeping your gains if you don't change your philosophy, imho.