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Technology Stocks : JDS Uniphase (JDSU)
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To: Hank Stamper who wrote (8845)4/14/2000 10:44:00 PM
From: Kent Rattey  Read Replies (2) of 24042
 
"If history has any relevance, we still have a long way to go to the average and bear market bottoms are characterised by selling frenzies (we're not done yet!) that bring the average p/e ratio well below the historical mean (to the levels noted above). "

Have you moved north of that pulp factory yet? There is no evidence we are in a bear market, but thanks for the history class. I recall the historical S&P p/e at 24, but that is irrelevant to do the historic make-up of the index versus the the current SIC's: apples to oranges. If you can give me an example of a prolonged bear market during great economic expansion in the US, I'm all ears!
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