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To: sourcery
His longs are trading at pretty rich multiples: P&G, 26 times earnings, Pepsi, 23 times earnings, UPS, 23 times earnings.

If you want safety, I'd go with good utilities and oils at 10-14 times earnings, paying 4-5 percent. No matter what happens, no one is going to give up electricity and driving.
6 posted on 10/25/2003 1:44:26 PM PDT by proxy_user
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To: proxy_user
This guy is BIG TIME wrong.

I don't write a newslettter but my prediction is for 10,000 Dow by Christmas and 11,500 by election day next year.

The price of oil will drop to $22 a barrel by March, 2004, spurring on a stronger economy for the next 2 years.

Many so-called experts sat on their money last fall and this spring when the market zoomed ahead.

Major corporate leaders have hesitated to invest in new IT.
That is beginning to change.

There are only two problems looming that could cause the market to dive........another terror attack or indications that Bush might lose the election.

If Bush looks strong going into next fall, the market might rally better than it did this year.

If he gets elected and drags in new conservative tax-cutters on his coattails, the markets and the economy will be in bliss for four more years!

8 posted on 10/25/2003 2:02:27 PM PDT by CROSSHIGHWAYMAN
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