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Let's assume that W. Buffet is correct in that we are in for 8 years of
stagnation or slow growth. I did not read his exact comments and might be
in error on the paraphrase. Then lets assume the Dow dividends will remain
the same or even decrease. In July they were $174 with the DJIA around
10,500 yielding 1.65%. The snp and the dow tend to run into stiff
resistance at 1.5% dividends. It seems to me that prices are not yet
reflecting the reality of Buffet's analysis. Nor are they reflecting the
significant tax selling directly ahead. The olde megaphone is speaking
rather loudly about a drop to the area between 8000 and 9000 at a minimum
and that would only bring the yield up to 2%. It just doesn't seem like too
far a fetched possibility.
bobr
http://www.zubee.com
http://www.oextrader.com/sigma_trader
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, September 03, 2001 1:11 PM
Subject: [RT] There Are No Rules!!
> I have been reading the Daily Comment columns (left side of main page) for
> some months now at http://www.comstockfunds.com/ and have found many to be
> interesting, especially since they provide some balance to the constant
drum
> of bullishness still found in the media. The latest daily comment "There
Are
> No Rules!!" offers a pithy counterpoint to those who argue that the
oversold
> technicals (TRIN, A/D, oscillators, etc.) demand an end to the bear
market.
>
> Earl
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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