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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Zach E. who wrote (76627)11/22/1999 1:14:00 PM
From: pater tenebrarum   of 86076
 
Zach, while most of the big cap NAZ stocks have shown considerable earnings growth (partly achieved with the help of a plethora of accounting tricks), multiple expansion is the name of the game. the increases in market cap are so out of whack with total earnings, on both an absolute and relative basis, it simply makes one's head spin. can multiple expansion continue? in short yes, but not forever....
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