MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

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4:00 PM EST

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To: David Howe who wrote (67670)	1/26/2001 12:42:52 AM
From: DukeCrow	of 99985

I believe that if you check, the EPS and Revenue of the key Nasdaq companies is up about 300% as well. The Nasdaq's P/E is now around 95 and got down to about 80 or so at the December low. At the October bottom of 1998, the Nasdaq was trading at a P/E of about 55-60, so it still has a long way down to go before we're back to the valuation levels of just 27 months ago. If you want to short something here, look for an ultra high PE stock, or one that trades on future earnings that are suspect. With earnings guidance being driven down by most tech companies, I'd say that the Nasdaq is still trading on future earnings that are suspect ;) Ali

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