GV, Re: "I do view the Internet stock craze as a short term phenomenon."
But what types of stocks do you include as part of the Internet stock craze? Let me guess...certainly the Yahoos, Doubleclicks and Ebays or the world. But how about the infrastructure companies?...
Cisco, Sun, EMC, NTAP, etc. And, how about the companies in support of them: JDSU, ANCR, Brocade, etc. The former have P/Es of about 100 and up, the latter near infinity or negative.
I guess what I'm asking is what do you expect to come crashing down? And, maybe Intel gets back in favor?
Tony |
