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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (75664)	2/11/2000 1:52:00 PM
From: TRINDY	Read Replies (1) of 132070

Mike, I checked Barron's online and found the Abelson article. It was January 3rd issue. He was talking about the NASDAQ composite. I looked up the stats that NASDAQ has online (See Gene Parrot's post to me #75637) and did the calculations. They show a P/E of 161 for Dec 99 in comparison to a 67 for Jan 99. That is quite a multiple expansion. But get this: The net income they show for January is $44.3B and for December it is only $32.8B and the December number is for 24 billion more shares. The NAZ 100, basis the statistics from the NASDAQ site, went from 77 to 117 over this period. I cannot get up to the 200 figure, but anyway you cut it, these are extremely rich evaluations. (What an insight!) Cheers!

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