Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: carl a. mehr who wrote (84612)	1/3/2000 8:32:00 AM
From: John Goldthorp	Read Replies (1) of 1572611

History is interesting, Carl Unfortunately, the P/E multiple expansions in these stocks are unsustainable. Do you remember what happened in Japan a decade ago? BTW, I don't believe the stuff spewed out on financial news reporting. While I have no proof of this, my sense is that most fund managers are of the "growth" variety, and they are "spewing" your line, not mine. Makes me feel quite comfortable in my contrariness. Having said this, I will stipulate that I may be "quite wrong" at least in the short run. But .... you better have your exit strategy ready to implement on a moment's notice. We have some tough times ahead in the market ... at some point. When this moment arrives (2001?), we will wish that the NASDAQ and S&P 500 were not weighted averages, believe me. The outflow from the equity funds and 401K's will completely negate the continued growth in earnings in CSCO, MSFT et al. At any rate, the excitement will continue for a while, one way or another! Thanks for your response. Regards--JG

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