WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 218.12

+16.1%

1:51 PM EST

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To: Zeev Hed who wrote (18650)	1/26/2001 6:21:19 PM
From: Art Bechhoefer	Read Replies (1) of 60323

Zeev, puleeeeze! Your comparisons with 1929 are simply specious. Did it ever occur to you the wide number of stock holdings today and the far less value of traditional holdings such as real estate might account for the difference in stock market valuation to GNP? What do you think the unemployment rate was in the early 1930's? I guarantee it wasn't just over 4 percent. And what about the nature of foreign trade today compared with the restrictions and tariffs imposed by most major nations in 1929, which helped bring on the depression? Do you think SNDK is "still richly priced?" I don't. Art

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