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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: gerard mangiardi who wrote (26402)	5/21/1999 10:08:00 AM
From: J.T.	Respond to of 50167

gerard, Excellent point. With S & P trading at p/e over 35 and DOW over 27, the higher the yields back up, the more $$$'s will be attracted back into this "flight to quaility" safehaven. Warren Buffett is holding over $17 Billion in cash out of $57 billion in Berkshire Hathaway. He has mentioned there are no compelling stock values anywhere at these lofty prices. Guess where the money is going to go??? BONDS and cash... Until correction of excesses brings value back into the markets. J.T.