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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Chris J. Horne who wrote (11841)2/10/2000 5:05:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
Chris: Re: ". Right now, the demand is up due to the baby boomers buying. It does not seem appropriate to me to think that traditional PEs mean anything."

Boomer are only buying tech. today. Nothing else matters and the price is irrelevant currently. But 70% of the S & P 500 is sucking wind. What you have here is everyone migrating to the winners to take a ride on the momentum side. So one either plays in the arena of the greater fool or stays away from the crowd and waits for sanity to return in that sector.
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