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Technology Stocks : Jimbo's Playhouse/CPQ
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To: Kenya AA who wrote (4072)9/5/1999 7:25:00 AM
From: Mao II  Read Replies (1) of 12663
 
K: I read the piece in its hard copy version, butI don't have access to the Barrons site and therefore cant post it. Essentially Yardeni argues the market is 41% "over priced," a figure he arrives at via a mathematical black box. Most of the piece is taken up with explaining this new box he's configured. Lots of numerology. But to cut to the chase in plain English: The main problem, in his view, centers on earnings expectations. Too high. His model suggests a corx to 8000 range. M2
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