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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: fedhead who wrote (42950)3/14/2000 2:30:00 PM
From: Benkea  Read Replies (3) of 99985
 
Hey. Would someone post the WSJ article by Jeremy Siegel today entitled: Big-Cap Tech Stocks Are a Sucker Bet.

An excerp:

"In the late 1960s Polaroid was at the top of its game, dominating the photographic field and enjoying one marketing success after another. Investors bid the stock up to an unheard of 95 times earnings. Never before had a large-cap stock been priced so high. But Polaroid's earnings growth had exceeded 40% a year (without options games and very aggressive accounting - my addition to the article) over the previous 14 years, and the future seemed even brighter."
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