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Politics : Ask Michael Burke

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To: gnuman who wrote (72736)	1/3/2000 4:16:00 PM
From: Freedom Fighter	Read Replies (1) of 132070

Gene, Ned Davis just did a study on the S&P500 without the high techs and money losing internets. The PE of the remaining stocks was 30.5x. That's still in "out of space" territory. However, I see some stocks outside the S&P500 and Nasdaq "nifty techies" that are cheap or reasonably priced. So I think the market is two tiered. Overall we are higher than ever by far. Wayne

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