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Politics : Ask Michael Burke
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To: John Koligman who wrote (78326)3/22/2000 12:37:00 PM
From: Michael Bakunin  Read Replies (2) of 132070
 
I still say it'll end in tears -- but that's because I'm an old-fashioned DCF guy who simply cannot make the stock prices of INTC, CSCO and their pals add up to even the most optimistic of expectations, unless you think either that US GDP can grow much faster than the Fed thinks it can, or unless you're willing to accept relatively modest expected returns. Good thing I was able to make biotech fit that model last fall. -mb
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