SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: marc ultra who wrote (7893)8/19/1999 12:44:00 AM
From: mister topes  Read Replies (1) of 15132
 
And don't forget to add another of the high flying
leadership high p/e groups, the pharmaceuticals.
These babies have been clobbered and are trading
far below their prior highs. More evidence of
lost leadership and p/e compression caused by
higher interest rates and increased inflation
concern. WCOM is another growth stock not growing.
The Dow's importance now is exactly as you observe.
The Dow is a cyclical dominated index which is far
outperforming the former leadership index, the S&P.
However, this cannot continue indefinitely. But
can the S&P resolve this divergence in its favor
by convincing investors to pay ever higher growth
stock p/e ratios in a period of tightening monetary
trends?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext